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What perpetual futures tell us about the current Bitcoin market What perpetual futures tell us about the current Bitcoin market

What perpetual futures tell us about the current Bitcoin market

with insights from Glassnode

Bitcoin futures show traders are balancing optimism with caution.

What perpetual futures tell us about the current Bitcoin market

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

"Bitcoin futures, particularly perpetuals, offer a unique perspective into the crypto market's health. One key metric? Comparing the annualized perpetual funding rates to their 3-month rolling basis. Historically, a surge or dip in this rate has signaled significant Bitcoin price fluctuations. But why does this happen? The answer lies in the demand for leverage... Now, with the current de-risking environment and an increase in the futures open interest leverage ratio, what could this mean for the Bitcoin price? Is this a sign of caution or renewed confidence among traders? The answer might surprise you..."