According to Foresight News, Glassnode stated that the funding rate paid monthly by the long positions in Bitcoin Perpetual Futures has dropped by about 62%, from $338 million in mid-August to currently $127 million per month. This highlights a clear macro downward trend in speculative willingness, as traders are increasingly reluctant to pay Interest to maintain long positions.
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Data: Bitcoin Perpetual Futures long positions monthly funding payments have dropped to 127 million dollars.
According to Foresight News, Glassnode stated that the funding rate paid monthly by the long positions in Bitcoin Perpetual Futures has dropped by about 62%, from $338 million in mid-August to currently $127 million per month. This highlights a clear macro downward trend in speculative willingness, as traders are increasingly reluctant to pay Interest to maintain long positions.