Matrixport: Falling funding rates suggest traders have canceled long positions
PANews reported on April 16 that Matrixport, Wu Jihan’s crypto financial services company, issued an article saying that Bitcoin’s financing interest rate continues to decline, and there are only a few days left before the halving. The decline in funding rates suggests traders have canceled long positions and the market is currently relatively light on positions via the derivatives market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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