The global average annualized funding rate for perpetual contracts reaches 66%
Matrixport monitoring data shows that today, during the Asian time zone, the global average annualized funding rate for perpetual contracts reached 66%. The Director of Research and Strategy at Matrixport stated surprisingly that Bitcoin financing rates have remained high during the holiday period, indicating that cryptocurrency traders have been very optimistic about Bitcoin ETFs and are expecting Bitcoin ETFs to be approved soon.
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