CryptoQuant: Binance Bitcoin Futures Fund Rate Still in Negative Range, Signal of Breaking New High

CryptoQuant officially released an article by analyst Avocado, pointing out that although Bitcoin has rebounded more than 20% from its recent lows, the funding rate of Binance contracts is still in the negative range. The current investor sentiment and price trend indicate that Bitcoin is likely to break through its previous historical highs. Note: When the funding rate is positive, long positions require a funding fee to be paid to short positions. When the rate is negative, short positions require payment of a capital fee to long positions.