Despite Bitcoin's rise.. funding rates remain neutral!
(Read on for a simplified technical analysis at the end of the post)
According to a recent report from Glassnode, despite the increase in Bitcoin's price, funding rates for Perpetual Futures have remained at a neutral level of about 0.007%, equivalent to an annual rate of approximately 7.6%.
Why is this important?
Stability in funding rates indicates that the market is not experiencing excessive use of leverage, reflecting a more stable trading environment.
This stability may suggest that the derivatives market is catching up with the spot market in a healthy and sustainable manner.
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Simplified technical analysis of Bitcoin (as of May 17, 2025):
Current price: approximately $103,427
Nearest support: $102,800
Next resistance: $104,900
Technical indicators: The Relative Strength Index (RSI) indicates that the market is in a balanced state, which may allow for moderate upward movement if the positive momentum continues.
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Discussion question:
Do you think the stability of funding rates indicates a sustainable rise for Bitcoin?
Share your opinion in the comments, and don't forget to support the post with a like or share!
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