Data: Monthly funding paid by Bitcoin perpetual contract longs drops to $127 million
Foresight News reported that glassnode stated that the monthly funding rate paid by long positions in bitcoin perpetual contracts has dropped by approximately 62%, from $338 million per month in mid-August to the current $127 million per month. This highlights a clear macro downward trend in speculative appetite, as traders are increasingly unwilling to pay interest to maintain long positions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
META: To invest $600 billion in U.S. infrastructure and jobs, as well as building AI data centers
U.S. stocks continue to decline, with the Nasdaq's intraday drop expanding to 2%
Spot gold's intraday gains have expanded to 1.00%, now quoted at $4017.09 per ounce.
Trending news
MoreCrypto prices
More
