• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
Breaking News: Breaking: DCG And Genesis Close Initial Agreement With Creditors
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: DCG And Genesis Close Initial Agreement With Creditors
Hand holding three bitcoins in front of a market chart
Advertisement

Bullish Signal: Bitcoin Funding Rates Recover From Year-Lows

Best Owie by Best Owie
1 year ago
in Bitcoin
0
Advertisement

Bitcoin funding rates had hit their one-year low earlier in the month following the crash of BTC. It has inevitably regained back some of its value but not without struggling first. The price of BTC in turn struggled as funding rates continue to trend low for the year. Funding rates have now begun to recover again, signaling what might be the beginnings of another bull rally.

Funding Rates Recover

Bitcoin’s funding rates have remained neutral since the December 4th crash that sent it towards one-year lows. However, this has begun to change as funding rates have turned upwards in the previous days. It has hit its highest points since its crash rising above December 6th points. Although this level is still much lower than average highs for the high, it signals that investors’ sentiment may be skewing back into the positive.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!

Related Reading | Bitcoin Mining Profitability Plunges After Productive Fall Period

Most of the recovery has come from funding rates on FTX and Deribit. These two platforms have contributed more than Binance and ByBit, whose funding rates have continued to trend in the neutral territory. With levels picking up on the former, it is expected that funding rates may actually begin to pick up on both Binance and ByBit exchanges as sentiment become more bullish.

Bitcoin funding rates recover

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!
Funding rates recover from crash | Source: Arcane Research

The funding rates remain a long way from levels recorded in October when bitcoin had reached its all-time high of $69K. Nevertheless, there has been a marked recovery in the rates as investors begin to find their way back into the market.

Bitcoin Perpetuals Open Interest On The Rise

Open interest in bitcoin perpetuals had also taken a nosedive in the crash on December 4th but has had a faster recovery trend compared to funding rates. While funding rates have stayed mostly neutral, open interest in bitcoin perpetuals has maintained an upward trend. It grew from a total of 186,000 BTC on December 5th to 226,000 on December 20th, as reported by Arcane Research.

Bitcoin perpetual open interest grows

Open interest in BTC perpetual recovers | Source: Arcane Research

Leverage has also been picking up in the market as open interest has grown. Binance has enjoyed most of this recovery as it has seen the most prominent growth in the weeks following the crash. The Binance USDT margined perpetual has seen open interest grow from 40,000 BTC since the crash to a current 62,000 BTC as of December 20th.

Related Reading | Study Shows 0.01% Hold 27% Of Bitcoin Supply. Who Are They?

Shorts have suffered the most from this growth as increased open interest in the stablecoin margined BTC perpetual saw underwater shorts liquidated in a short squeeze. All of this has continued to happen during a period of flat funding rates.

Bitcoin price chart from TradingView.com

BTC trading north of $48K | Source: BTCUSD on TradingView.com
Featured image from The Guardian, charts from Arcane Research and TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Best Owie

Best Owie

Related Posts

Bitcoin BTC BTCUSDT

Will Bitcoin See A Valentine’s Day Massacre Or Can Bulls Get Back To $24,000?

1 hour ago
Bitcoin

Bitcoin Long-Term Holders Are Still Selling At Loss: Glassnode

7 hours ago
Bitcoin BTC

Will Bitcoin And Ethereum Crash? DCG Sells Grayscale Trust Shares

9 hours ago
Bitcoin

Top Crypto Miner At Record Bitcoin Production, Bear Market Over?

21 hours ago
Bitcoin price

This Will Be Important For Bitcoin And Crypto This Week

1 day ago
New record: 49% of Bitcoin Supply Has Not Changed Hands in 2 Years

New Record: Half Of Bitcoin Supply Hasn’t Changed Hands In 2 Years

2 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
Metaspins
Metaspins
1xBit
1xBit
Coinplay
Coinplay
K8
K8
Vegas Casino
Vegas Casino

Sportbooks

Coinplay
Coinplay

Press Releases

  • ALTCOIN DAILY TO PRODUCE AND STAR IN NEW “SHARK TANK OF...

    6 hours ago
  • SinVerse Studios Announces $1 Million Buyback Program for...

    6 hours ago
  • Join the Revolution: Invest in STARSTAKING for 25% APY and...

    6 hours ago
  • The Crypto Bull Market Trend Has Started! What Does This...

    7 hours ago
  • Orbeon Protocol (ORBN) Grows 1625% During the Presale...

    7 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.