BTC’s Coinbase Premium Index Could Delay New High as Funding Rate Shows Bullish Signal
New York, USA – Bitcoin’s funding rate, which has remained low since mid-May, suggests low investor expectations but could potentially benefit Bitcoin’s price. The funding rate, indicating the cost of holding an open contract in the market, has been positive, signaling that the perp price is trading above the index value. However, the current reading of $0.01% is lower than previous weeks, potentially indicating a decline in perp buyers supporting Bitcoin’s movement. Despite the positive …