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Analysis: Bitcoin’s token-denominated funding rate reaches healthy levels after months of positive interest rates

Analysis: Bitcoin’s token-denominated funding rate reaches healthy levels after months of positive interest rates

CointimeCointime2024/07/22 15:37
By:Cointime

According to Bitcoin Magazine Pro, after several months of positive interest rates, the funding rate for Bitcoin token valuation has reached a healthy level. This means that the current trend of Bitcoin is not dominated by derivatives, but by organic spot buying. This is a fairly healthy upward trend and is more likely to continue.

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