Futures Traders Aren’t as Bullish This Time Around as Bitcoin Price Revisits $12,000, Data Indicates

Cryptocurrency traders showed significantly less enthusiasm as bitcoin traded at $12,000 Tuesday compared to when bitcoin reached the same level nearly two months ago, based on futures funding rates from multiple exchanges.

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Bitcoin price and historical funding rates from includes funding rates from Binance, Bitfinex, BitMEX, and Deribit since July 2020

Source: Glassnode, CoinDesk Research

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