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Bitcoin (BTC) Price Tops $77K Record as Muted Funding Rates Suggest Crypto Rally Has More Room to Run

November 8, 2024
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Whereas crypto property booked double-digit positive factors throughout this week, with BTC sitting at document highs, funding charges for perpetual swaps on crypto exchanges are a lot nearer to impartial ranges than the market prime in early March, CoinGlass knowledge exhibits. Funding price refers back to the quantity lengthy merchants pay shorts to take the other aspect of a commerce. When funding charges are unfavorable, shorts pay the price to longs, as this relationship usually happens throughout bearish intervals.



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Tags: 77KBitcoinBTCcryptoFundingMutedPricerallyRatesrecordRoomRunSuggesttops
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