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05 December 2020

Bitcoin Funding Rates Spike to Multi-Week Highs as Correction Loads

Bitcoin Funding Rates Spike to Multi-Week Highs as Correction Loads


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The funding rate is the fee that long positions pay short positions on a regular basis to ensure that the price of the futures is close to the price of the spot market.

The Bitcoin futures funding rates across top exchanges have begun to shoot higher, ByBt reports.

The funding rate is also inching higher on other top exchanges, suggesting that Bitcoin may be overleveraged on the long side.

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