Warpcast

Bitcoin Funding Rates Drop sharply, Market Activity May Drop
According to ShayanBTC, an analyst at CryptoQuant, Bitcoin (BTC) funding rates have dropped significantly in recent days, indicating a decline in confidence in the asset.
The drop, which came as Bitcoin price hit resistance at $108,000, could be a sign of reduced trader commitment in the derivatives market and weakening bullish momentum.
Julio Moreno, Head of Research at CryptoQuant, also reported that traders’ unrealized profit margins have also decreased significantly.
Traders’ realized price is currently at $88,000, while the current price is at $93,000.

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The drop in Bitcoin funding rates signals a shift in market sentiment. With resistance at $108,000, traders seem to be losing confidence. Interesting to see how this plays out! 📉💭