Bitcoin Funding Rate Hits Nine-Month Low on Binance

The post Bitcoin Funding Rate Hits Nine-Month Low on Binance appeared first on Coinpedia Fintech News

The Bitcoin funding rate on Binance has plunged to approximately -0.00215, its lowest level since last January. With BTC retreating toward $83,000, futures traders are leaning increasingly bearish. But that shift could cut both ways. Negative funding means short-position holders pay fees to long-position holders. In practical terms, it suggests demand for short exposure has …