Near Record High Funding Rate Suggests Bitcoin Pullback Not Over

Near Record High Funding Rate Suggests Bitcoin Pullback Not Over

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Source: Coindesk.com

Bitcoin hit a record high above $73,500 about three weeks ago and then quickly retreated to the $61,000 area. It's since retraced to the current $67,600, giving bulls some hope that new records are imminent. At least one sentiment indicator, though, indicates that the price correction has more room to run.

The so-called futures funding rate –

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The post "Near Record High Funding Rate Suggests Bitcoin Pullback Not Over" appeared first here Coindesk.com.

Source: Coindesk.com

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