Matrixport: Bitcoin's average funding rate has turned negative, and crypto hedge funds face challenges
Bitget2024/04/29 11:28
Bitget offers a variety of ways to buy or sell popular cryptocurrencies.Buy now!
A welcome pack worth 6200 USDT for new users!Sign up now!
ChainCatcher news, Matrixport said in the latest report that Bitcoin's average funding rate (annualized) has turned negative, which is a real challenge for cryptocurrency hedge funds seeking arbitrage, but it also shows that futures traders are reluctant to deploy large amounts of new capital. The reason may be that futures traders are uncertain about the price upside in the current environment.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
You may also like
Odaily Noon News
Odaily星球日报•2026/03/13 05:34
MetaComp completes $35 million financing, led by Alibaba
AIcoin•2026/03/13 05:29
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$71,593.53
+3.03%
Ethereum
ETH
$2,113.26
+4.29%
Tether USDt
USDT
$1.0000
-0.00%
BNB
BNB
$661.51
+2.69%
XRP
XRP
$1.42
+4.00%
USDC
USDC
$0.9999
-0.00%
Solana
SOL
$89.06
+4.52%
TRON
TRX
$0.2898
+0.04%
Dogecoin
DOGE
$0.09672
+4.96%
Cardano
ADA
$0.2749
+6.25%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now