Futures premiums see slight decline
Futures premiums see a slight decline as bitcoin again trades below $30,000.Preview
Funding rates plunge amid last night’s BTC sell-off
After BTC’s sell-off last night, the average funding rate of Bybit and Binance reached its second-lowest level since February 2nd.Preview
Half a year of funding rates at or below neutral levels on Binance
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Two factors likely cause this compressed funding rate regime:
- The prolonged bearish sentiment.
- More efficient funds entering the market, taking advantage of the base neutral funding rate of 0.01% every eight hours to earn a relatively consistent yield through a cash-neutral exposure.
Open Interest plunges by 25,000 BTC during last night’s sell-off
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