Market News / Story
Bitcoin Funding Rate Hits Nine-Month Low on Binance
Coinpedia ·
Coinpedia reports: The Bitcoin funding rate on Binance has plunged to approximately -0.00215, its lowest level since last January. With BTC retreating toward $83,000, futures traders are leaning increasingly bearish. But that shift could cut both ways. Negative funding means short-position holders pay fees to long-position holders. In practical terms, it suggests demand for short exposure has increased relative to long positions. The market’s mood has changed, and the derivatives data shows…
Related stories
Gold holds near nine-week low as Hormuz tensions raise Fed hike betsRead story summary
Gold prices edged higher on Thursday after falling to their lowest level since early August, as renewed tensions around the Strait of Hormuz kept inflation risks elevated and reinforced expectations that the Federal Reserve could raise interest rates again this year. At 21:36 ET (01:36 GMT), XAU/USD rose 0.6% to $4,134.19 an ounce, while Gold Futures gained ...
VIEW SOURCE