Bitcoin: To The Moon… Or Not? 🚀

A fellow calling himself KriptoCenneti – a name which, frankly, sounds like a particularly unpleasant Turkish delight – has observed that Bitcoin’s ‘Funding Rate’ (whatever that is) remains stubbornly positive. Apparently, even as the price has tumbled from an almost immodest height of over $110,000 to a distinctly less impressive $96,000, these ‘funding rates’ have held firm between 0.003% and 0.008%. A curious situation, wouldn’t you agree? It seems our speculators are rather determined to remain long, regardless of the rather obvious trajectory.





