Bitcoin

● Funding rates cooling gradually suggests a healthy market adjustment, not a violent upheaval.● Long-side traders dominating liquidations highlight the unpredictable nature of the market.● Weakening demand and consistent selling pressure contribute to near-term weakness in the Bitcoin market.Amidst the recent turbulence in the cryptocurrency market, speculation has arisen regarding whether the current downturn is reminiscent of the derivatives-led deleveraging events of the 2021 <a href="https://cryptotale.org/bitcoin-plummets-to-multi-month-low-as-u-s-demand-declines/" rel="noopener noreferrer nofollow">Bitcoin</a> bull market. However, a closer examination of the data suggests otherwise.As highlighted by <a href="https://x.com/_Checkmatey_/status/1785830025029451840" rel="noopener noreferrer nofollow">Checkmate</a>, an onchain analyst, funding rates, a key indicator of market sentiment and leverage, have cooled off gradually, indicating a healthy adjustment rather than a violent upheaval. This gradual cooling suggests that the market has not witnessed a massive futures margin call, a stark contrast to the events of the past.Read more on <a href="https://cryptotale.org/spot-market-signals-weakness-is-bitcoin-headed-for-a-shakeout/" rel="noopener noreferrer nofollow">Cryptotale</a>. Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram</a> | <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram</a> |

Spot Market Signals Weakness: Is Bitcoin Headed for a Shakeout?

CryptoTale

Ďalšie články zverejnené 2. 5. 2024

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