Bitcoin Funding Rates Crash to Lowest Levels of 2024—What This Bearish Signal Means for BTC Traders

TL;DR Bitcoin funding rates on Binance have hit their lowest level of the year. The average indicator of funding rates across all exchanges has also turned negative. This change suggests a dominance of short positions and a short-term bearish sentiment. Bitcoin funding rates on Binance, the world’s largest cryptocurrency exchange by trading volume, have seen ... source: https://crypto-economy.com/bitcoin-funding-rates-crash-to-lowest-levels-of-2024-what-this-bearish-signal-means-for-btc-traders/