Bitcoin & Ethereum Funding Rates Signal Continued Bullishness Despite Recent Selloff

Funding rates in the market for bitcoin (BTC) and ethereum (ETH) perpetual futures contracts reveal that most crypto derivatives traders continue to lean bullish, despite falling spot prices over the past 24 hours. Judging from data by Coinglass, funding rates on the BTC/USDT perpetual contract on the major crypto exchange Binance have largely remained positive throughout July, despite stagnating and falling prices seen since July 19. Binance BTC/USDT funding rates in July:...Read More: Bitcoin & Ethereum Funding Rates Signal Continued Bullishness Despite Recent Selloff