Crypto analyst Will Clemente points to the Bitcoin funding rate and annualized rate as indicators that Bitcoin is “consolidating before the next leg up.”
The Bitcoin funding rate and 3-month annualized basis rates are moving to levels that signal to traders it may just be the “calm before the storm.”) trading indicators — funding rate and 3-month annualized basis rate — could suggest the price is on track to go upwards soon, according to a crypto analyst.
Bitcoin's funding rate dipped into negative territory on several occasions in April. Source: Will Clemente When long-position traders take more dominant positions, the funding rate turns positive, indicating their confidence in Bitcoin’s price increasing.
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