The funding rate for Bitcoin perpetual futures on OKX has plunged to an extreme annualized -453%, forcing short sellers to pay about 1.3% daily just to hold their positions. This unusually high negative rate indicates a heavy concentration of short bets and could trigger a sharp price reversal within 48 to 72 hours as shorts either capitulate or Bitcoin drops significantly. The situation also presents a rare arbitrage opportunity between OKX and Binance, though it remains largely unexploited. Investors holding short positions on OKX face steep daily losses from funding fees, making the trade very costly even before price moves.
Bitcoin traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
