Be 100% honest Would you quit your job for 1 $BTC ?☺ | Future Big Bulls on Binance Square

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Bullish

Be 100% honest  
Would you quit your job for 1 $BTC  ?☺
BTCUSDT
Perp
87,951.2
+0.78%
#USChinaDeal #BTC90kBreakingPoint 

Yes

71%

NO

29%

35 votes • Voting closed

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Whales are playing a key role in putting downward pressure on Bitcoin’s spot price.

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According to BlockBeats, data from Coinglass shows that funding rates on major centralized and decentralized crypto exchanges are still pointing to a bearish market sentiment. This means many traders expect prices to move lower rather than higher. The funding rates for major cryptocurrencies are shown in the related chart. Funding rates are used mainly in perpetual futures contracts to keep the contract price close to the actual market price of the cryptocurrency. Instead of the exchange charging a fee, traders pay each other. Depending on market conditions, either long traders (who expect prices to rise) or short traders (who expect prices to fall) make these payments. When the funding rate is positive, long traders pay short traders. This usually happens when there are more buyers than sellers, showing bullish sentiment. When the funding rate is negative or very low, short traders may pay long traders, which suggests that more traders are betting on prices going down. In the crypto market, 0.01% is considered a normal or balanced funding rate. When funding rates rise above this level, it usually signals strong bullish sentiment, as many traders are willing to pay extra to keep their long positions open. On the other hand, funding rates below 0.005% are seen as bearish. This indicates weaker demand for long positions and growing confidence among traders that prices may fall or remain under pressure. The current data shows that funding rates across major exchanges remain below bullish levels. This suggests that traders are cautious and that bearish expectations continue to dominate the market for now. Overall, the funding rate data highlights ongoing uncertainty in the crypto market, with traders waiting for clearer price direction before taking strong long positions.

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U.S. President Donald Trump is fully entitled to express his views on Federal Reserve policy.

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Trader sentiment around XRP has turned more positive on social media

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