By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
  • Home
  • News
    • Cryptopedia
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
    • Latest Metaverse & NFT News
      • Metaverse & NFT Games
      • Virtual Land
    • Exchanges News
    • Policy & Regulation
    • Web Stories
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Videos
  • Events
Search
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit Press Release
  • Submit NFT Project
© 2022 NFTStudio24.com News Network. All Rights Reserved.
Reading: Bitcoin Funding Rates Have Calmed Down – Has Greed in the BTC Market been Neutralized?
Share
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Search
  • Home
  • News
    • Cryptopedia
    • Latest Metaverse & NFT News
    • Exchanges News
    • Policy & Regulation
    • Web Stories
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Videos
  • Events
Have an existing account? Sign In
Follow US
  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
  • Global
  • Japan
  • South Asia
  • Partners
  • Community
HOME > News > CRYPTOPEDIA > BITCOIN NEWS > Bitcoin Funding Rates Have Calmed Down – Has Greed in the BTC Market been Neutralized?
BITCOIN NEWSNews

Bitcoin Funding Rates Have Calmed Down – Has Greed in the BTC Market been Neutralized?

NFT Studio 24
Posted NFT Studio 24 November 15, 2021 414 Views 2 Min Read
Updated 2022/02/08 at 5:02 PM
Bitcoin Funding
SHARE

Bitcoin funding rates have slowed down since the leading cryptocurrency scaled to new heights of $69,000.

Image

“ Bitcoin funding rates have calmed down across the board. A lot of the greed in the Bitcoin market has been neutralized, for now.”

Moreover, funding rates have dropped because open interest in the Bitcoinnetwork has nosedived. 

Image

Bitcoin

The surge towards highs of $69K was boosted because the US Bureau of Labor released data showing that inflation had hit a 30-year high. Therefore, this triggered the discussion of whether Bitcoin was cementing its status as an inflation hedge. 

Moreover, the number of active addresses rose to 1.19 million, and this played an instrumental role in enabling Bitcoin to break the record at $69,000.

Meanwhile, Bitcoin has enjoyed significant capital inflows because 18.3% of its supply has transacted above $53,000. Crypto analytic firm Glassnode noted:

“The volume of BTC last moved above a $1 Trillion Market Cap has reached 3.454 million BTC. This means 18.3% of the supply was transacted above $53K, demonstrating capital inflows 474K BTC were last spent above the current price, and are thus currently holding an unrealized loss.”

Image

Is Bitcoin entering the main phase of the bull market?

According to Clemente:

“Long-term holders buy BTC into weakness and sell into strength. We’ve just gotten our first red prints on LTH net position change in over 6 months, showing bull market distribution has begun.”

Bitcoin was in a healthy market

Clemente believes that BTC might be entering the main phase of the bull market based on the long-term holders’ behavior because they don’t ideally buy the bottom and sell the top.

On the other hand, Arcane Research acknowledged that Bitcoin was in a healthy market. The market insight provider stated:

“The basis represents the gap between the spot and futures price. A high basis signals a bullish bias in the futures market. The basis is much lower now than when BTC traded above $60k in April – indicating a healthier market.”

Read More:https://blockchain.news/

Sign Up For Daily NFT Drops

Don't miss the next NFT drops!!!
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Ethereum Destroyer After Solana Summer, Is The ‘Ethereum Destroyer’ Ready For A Solana Winter?
Next Article altcoins Can altcoins retain their strong positions against Bitcoin (BTC)?

Don’t miss the NFT Drops! Sign up Now

I have read and agree to the terms & conditions

Latest News

Oasys and SBI VC Trade team up to bring new wallet solution for blockchain gaming in Japan
Oasys and SBI VC Trade team up to bring new wallet solution for blockchain gaming in Japan
BLOCKCHAIN NEWS EXCHANGES News WEB3 March 25, 2023
DeFi protocol DefiLlama has resolved its internal conflicts 1
DeFi protocol DefiLlama has resolved its internal conflicts
CRYPTOPEDIA News WEB3 March 21, 2023
Crypto Fear and Greed Index has reached its highest level
Crypto Fear and Greed Index has reached its highest level
BITCOIN NEWS News March 21, 2023
Join us
Ad imageAd image

You Might also Like

Oasys and SBI VC Trade team up to bring new wallet solution for blockchain gaming in Japan
BLOCKCHAIN NEWSEXCHANGESNewsWEB3

Oasys and SBI VC Trade team up to bring new wallet solution for blockchain gaming in Japan

March 25, 2023
DeFi protocol DefiLlama has resolved its internal conflicts 1
CRYPTOPEDIANewsWEB3

DeFi protocol DefiLlama has resolved its internal conflicts

March 21, 2023
Crypto Fear and Greed Index has reached its highest level
BITCOIN NEWSNews

Crypto Fear and Greed Index has reached its highest level

March 21, 2023
Project AI Powered Trading Platform Accused of Draining 1M from Users
AIBLOCKCHAIN NEWSNews

Project ‘AI-Powered’ Trading Platform Accused of Draining $1M from Users

March 20, 2023
//

NFTStudio24 delivers the latest NFT news to its global audience. We are committed to reporting mainstream and emerging talent via exclusive press releases, podcast interviews, NFT rankings, and much more.

GET IN TOUCH

  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy

Experts Alliance

  • Experts Alliance
  • About Alliance
  • Alliance Benefits
  • Membership requirements
  • Apply Alliance
//

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Follow US

© 2022 NFTStudio24.com News Network. All Rights Reserved.

Removed from reading list

Undo
Join us metaverse Join us metaverse
Welcome Back!

Sign in to your account

Register Lost your password?