This article is 3 years old. The information presented may be outdated.

Bitcoin funding rate turns slightly negative as markets awaits Fed interest rate decision

Perpetual funding rate turns negative for the first time since March 14

James Van Straten
Author
James Van Straten
Published
Make preferred on

Quick Take

  • The futures perpetual funding rate has turned negative for the first time since March 14.
  • Bearish sentiment could start to creep in as a 25bps rate hike looks to be confirmed by the markets for tomorrow's FOMC meeting.
  • Jerome Powell will also discuss the new fed dot plot and future economic projections, which will tell us more than a potential 25bps rate hike.
  • Investors who have been short Bitcoin have had a terrible year so far, but we will expect a lot of volatility tomorrow.
Fed Rate Hike: (Source: CME)
Fed Rate Hike: (Source: CME)
Futures Perpetual Funding Rate: (Source: Glassnode)
Futures Perpetual Funding Rate: (Source: Glassnode)
Mentioned in this article
Bitcoin Bitcoin
Analyst View profile
James Van Straten
James Van Straten
Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

Context

Related coverage

Switch categories to dive deeper or gain broader context.

Disclaimer

Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies. For more information, see our company disclaimers.

Bitcoin BTC (24h)
$71,739.46 -1.46%
Market Cap $1.44T
24H Volume $26.56B
In this article