Funding rates neutral, open interest to new highs

Funding rates are neutral for the first time since September 13th, while open interest has pushed to new highs.

No sign of relief in futures

Futures premiums remain extremely low, as the morning recovery contributes little to improving the market risk appetite.

CME traded most of the last week in backwardation, caused by growing inflows to BITI, as traders positioned for further downside in BTC.

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