Bitcoin

Ethereum

<ul><li>Bitcoin and Ethereum funding rates hit 4 and 6-month lows respectively.</li><li>Shift from USDC to BTC led to a significant BTC premium on Coinbase.</li><li>Bitcoin rebounds above $20,000 despite market volatility and bank closure.</li></ul>Leading on-chain data analytics provider CryptoQuant tweeted on March 12 that <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/" rel="noopener noreferrer nofollow">Bitcoin</a> funding rates have hit a 4-month low. Additionally, Ethereum funding rates hit a 6-month low according to the platform.Crypto analyst Few commented on CryptoQuant’s post explaining the current scenario with Bitcoin. According to Few, there is a shift from USDC to BTC, leading to a significant premium for BTC on Coinbase as they combine USD and USDC order books. This premium has resulted in significant negative funding on perpetual contracts.While some people believe this may be a short squeeze, there is currently no evidence to support this hypothesis.<a href="https://coinedition.com/btc-eth-funding-rates-hit-4-6-month-all-time-lows-reports-crypto-analyst/" rel="noopener noreferrer nofollow">See the Original CoinEdition</a>

BTC & ETH Funding Rates Hit 4 & 6-Month All-Time Lows, Reports Crypto Analyst

Coin Edition

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