Should crypto traders turn into apes after Bitcoin’s 15.7% rally? noshitcoins says the bullishness might be premature, especially since derivatives metrics project a neutral stance.
over the next couple of weeks, which includes a reimagined storyline and the addition of active cards for eye and ear body parts.The OKX Tether premium is a good gauge of China-based retail trader demand for crypto. It measures the difference between China-based USDT peer-to-peer trades and the official U.S. dollar currency.
Exchanges use this fee to avoid exchange risk imbalances. A positive funding rate indicates that longs demand more leverage. However, the opposite situation occurs when shorts require additional leverage, causing the funding rate to turn negative.Notice how the accumulated seven-day funding rate is uneventful in most cases. This data indicates a balanced leverage demand between longs and sellers .
Some might say that the Bitcoin price hike above $47,000 was the nail in the coffin for the bears because the cryptocurrency displayed strength during global macroeconomic uncertainty.
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