Bitcoin Funding Rate Hits Nine-Month Low on Binance
Bitcoin funding rates on Binance have dropped to a nine-month low, according to data from CryptoRank.
The Bitcoin funding rate on Binance has declined to its lowest level in nine months, according to data published by CryptoRank.
Funding Rate Dynamics
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Funding rates represent periodic payments between long and short traders in perpetual swap markets. A lower or negative funding rate typically indicates shifting sentiment among leveraged participants on the platform.
Key facts
- The Bitcoin funding rate hit a nine-month low.
- Data was reported by CryptoRank.
- The metric tracks perpetual swap positioning on Binance.
Source: news.google.com
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