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.


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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