Bitcoin May Squeeze Higher as Retail Interest Subsides: Analysts

Since early December, the number of open positions on Binance, the world’s largest cryptocurrency exchange by volumes and open interest, has increased from 190,000 BTC to 258,000 BTC. Meanwhile, funding rates have been consistently neutral to negative, meaning investors have been predominantly holding shorts despite bitcoin’s downside momentum running out of steam and the cryptocurrency consolidating in the range of $45,400-$52,100.

Source link

Be the first to comment

Leave a Reply

Your email address will not be published.