Bitcoin funding rates hit yearly lows on Binance, signaling bearish sentiment with increased short positions

From The media company name for cointelegraph.com is “Cointelegraph”.

Converted date and time: August 16, 2024 06:57 AM:

Bitcoin funding rates on Binance have turned negative, indicating a rise in short positions due to decreased institutional interest.

Read more at Cointelegraph: Bitcoin funding rates hit YTD lows, bearish trend looms: CryptoQuant