Bitcoin Funding Rates Spike to Multi-Week Highs as Correction Loads

Bitcoin has undergone a drop since the local highs of $19,000. The coin currently trades for $18,500, though traded as low as $17,500 earlier today. The bounce has surprised many analysts, who thought that Bitcoin would sustain a deeper correction into the $15,000-16,000 range. Yet this bounce has come at a cost: the funding rates […]
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Author: toutiao