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Bitcoin funding rate has turned positive as liquidations soar over $230M

CoinSurges
By CoinSurges

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Quick Take

  • The perpetual funding rate for Bitcoin flipped positive this morning, which has seen Bitcoin shorts rekt and take crypto liquidations in the past 24 hours to $240 million.
  • The majority of the liquidations are short liquidations at roughly $190m.
  • While the three largest Bitcoin cohorts have started accumulating over the weekend, I would suggest retail would follow sharply as smart money moves first.
Perpetual Funding Rate: (Source: Glassnode)
Perpetual Funding Rate: (Source: Glassnode)
Liquidations: (Source: Coinglass)
Liquidations: (Source: Coinglass)
Accumulation Trend Score by cohort: (Source: Glassnode)
Accumulation Trend Score by cohort: (Source: Glassnode)

The post Bitcoin funding rate has turned positive as liquidations soar over $230M appeared first on CryptoSlate.

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