BTC funding has heated up. BTC perpetual funding on Coinbase has jumped to 0.0034%, or roughly 29.8% annualised; nearly 5x its 7-day average. Today’s print is among the highest visible over the past 90 days, exceeded by the June 4 event. As BTC moves higher, the cost of maintaining leveraged long exposure is rising with it, putting funding and positioning back in focus.(Coinbase Assets 🛡️)