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The seven-day average funding rate of the Bitcoin perpetual contract is approximately 0.02%, close to the Q4 level of 2021
2023-11-17 08:37
Odaily News CryptoQuant data shows that as of November 15, the seven-day average funding rate of the Bitcoin perpetual contract was approximately 0.02%, reaching a high in the past two years and close to the level in the last quarter of 2021. In addition, Deribit data shows that option bets that are optimistic about Bitcoin account for the majority, and Bitcoin is expected to reach US$40,000, or even US$45,000, indicating that US$40,000 may become a key testing area for Bitcoins rebound. (Bloomberg)