Over the weekend, Bitcoin's funding rates on various exchanges painted a vivid picture of trader sentiment: initially bullish on Aug. 31, with Bitmex having the highest rate, followed by a sharp polarity change by Sep. 1, particularly on Binance and Bybit, marking a growing bearish outlook. The disparity grew more extreme for token-margined contracts, especially on Bybit, hinting at a significant market shift. As Bitcoin's price dropped modestly, the real story unfolded when...
Bitcoin funding rate volatility shows market-wide caution Bitcoin funding rate volatility shows market-wide caution
The disparity in funding rates between USDT and BTC-margined contracts shows diverse trader strategies and risk appetites.
4 min read
Updated: Sep. 3, 2024 at 9:06 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Binance
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
Bybit
Bybit is a cryptocurrency derivative trading platform established in March 2018 and registered in the BVI.
OKX
OKX is a world-leading digital asset exchange, providing advanced financial services to global traders by using blockchain technology.
HTX
Huobi, a virtual asset exchange, launched a revised branding strategy on September 13, 2023, where “Huobi” will be rebranded as “HTX.” “H” stands for Huobi, “T” represents TRON with a commitment to being all in TRON, and “X” stands for the exchange.
BitMEX
HDR Global Trading Limited owns and operates BitMEX which is a trading platform that offers investors access to the global financial markets using only Bitcoin.
