Did Bitcoin’s price see only ‘retail FOMO peak signal’? This indicator says yes
The (BTC) a future funding rate on Binance Futures Deribit overtook December.18, according to data from CryptoQuant. Historically, when this happened, the dominant cryptocurrency saw a local peak or consolidation.
Large cryptocurrencies financing rate, including Bitcoin and Ether (ETH), has risen significantly in the last 48 hours. This typically shows that the the future market is overheating, which raises the likelihood of withdrawal.
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