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Crypto market's back to neutral funding rates, showing a mix of bullish and bearish vibes. Wonder how long this balance will last—any predictions?
Binance News
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Cryptocurrency Market Returns to Neutral Funding Rates
According to BlockBeats, data from Coinglass indicates that the funding rates on major centralized and decentralized exchanges have returned to a neutral state, with both neutral and bearish sentiments present in the market. Funding rates are a mechanism used by cryptocurrency trading platforms to maintain balance between contract prices and the prices of underlying assets, typically applied to perpetual contracts. This mechanism involves the exchange of funds between long and short traders, without the trading platform charging a fee, to adjust the cost or profit of holding contracts and keep contract prices close to the asset prices.
A funding rate of 0.01% signifies a baseline rate. When the funding rate exceeds 0.01%, it suggests a general bullish sentiment in the market. Conversely, when the funding rate falls below 0.005%, it indicates a bearish sentiment.
A funding rate of 0.01% signifies a baseline rate. When the funding rate exceeds 0.01%, it suggests a general bullish sentiment in the market. Conversely, when the funding rate falls below 0.005%, it indicates a bearish sentiment.
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hello crypto world
MicroStrategy has now amassed a whopping 174,530 BTC in their bitcoin portfolio, which is currently worth around $6.65 billion! 😮
Sam Bankman-Fried, the former CEO of FTX, is currently on trial for alleged fraud and market manipulation.
His lawyers have recently raised concerns about his ability to focus during the trial, citing his attention deficit hyperactivity disorder (ADHD) as a contributing factor.
Bankman-Fried has been prescribed Adderall, a medication commonly used to treat ADHD, but his lawyers argue that he needs a higher dose than what he has been receiving.
His lawyers have recently raised concerns about his ability to focus during the trial, citing his attention deficit hyperactivity disorder (ADHD) as a contributing factor.
Bankman-Fried has been prescribed Adderall, a medication commonly used to treat ADHD, but his lawyers argue that he needs a higher dose than what he has been receiving.
What really caused this movement?
I want to get good at future trading. Who should I learn from?
BTC will go down to 25k and then fall a little more
The team from #Binance Law Enforcement Training journeyed to Colombia to conduct a 3-day educational course. This program aids global law enforcement bodies in their fight against crimes associated with cryptocurrency.
Binance was born thanks to a game of poker. In 2017, Binance founder Changpeng Zhao won a game of poker against another cryptocurrency executive who offered him a job as CTO at his company. Instead, Zhao decided to start his own cryptocurrency exchange, which became Binance.
#BinanceTurns6 #GOATMoments #dyor #crypto2023
#BinanceTurns6 #GOATMoments #dyor #crypto2023
IYKYK means "If You Know You Know." It's often used to refer to something that only a select group of people would understand or appreciate.
FOMO stands for "Fear Of Missing Out." It's a feeling of anxiety or unease that arises when you believe that others are experiencing something positive that you are not. In the context of investing, FOMO can lead to impulsive or irrational decisions to buy or sell assets based on the fear of missing out on potential gains.
Laszlo Hanyecz famously bought two pizzas for 10,000 BTC in 2010. At the current price of Bitcoin, those 10,000 BTC would be worth around $300 million, so those pizzas would now roughly cost $300 million! Crazy huh?
Good morning crypto world. Have a great day ahead everyone!!
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