The financing rate of perpetual futures of Bitcoin (BTC) is fluctuating between positive and negative, which reflects the uncertainty of the market. As Bitcoin decreases and is around $ 80,000, merchants are looking for direction, especially after Bitcoin lost their 200 -day mobile average.
The financing rate, established by exchanges for perpetual futures contracts, determines the periodic payments between long and short positions. A positive rate means that long positions pay short, while a negative rate means that shorts pay long.
In the last two weeks, the financing rate has oscillated between positive and negative, which indicates indecision. In Alcista markets, the rate generally remains positive. Recently, the daily financing rate reached a negative -0.006%, equivalent to an annualized rate of -2%, according to Glassnode data.
Historically, Bitcoin’s funds have coincided with sustained negative financing rates, which generally coincide with the bearish feeling. The examples include the Covid-19 accident, the FTX collapse and the mining prohibition of China 2021. However, in the last two weeks, each Bitcoin rally has led merchants to change positions, resulting in long liquidations when the price is invested, avoiding a sustained period of negative financing rates.
Discharge of responsibility: Parts of this article were generated with the assistance of AI tools and reviewed by our editorial team to guarantee the precision and compliance with our standards. For more information, see Coindesk’s complete policy.
