Tag: Futures

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Peak fear? Bitcoin funding rates crash to lowest levels in 7 months

The funding rate of Bitcoin (BTC) has dropped to levels not seen since September 2020 as the price of Bitcoin plummeted below $52,000 on April 18. Quant trader and analyst Lex Moskovski says it shows fear has returned to the market. According to the data from Glassnode, the average Bitcoin futures funding rate across all exchange…
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18 April 2021 0

$420M in leveraged long traders liquidated after XRP rallies to $1.96

XRP holders couldn’t have asked for a better year as the cryptocurrency rallied almost 800% and flirted with a $2 level in the early hours of April 14.  In addition to achieving its highest level since January 2018, this robust price increase signals that investors are not worried about the ongoing SEC “unregistered securities offering”…
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14 April 2021 0

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