Bitcoin Funding Rates Near Zero Indicating Potential Price Increase

According to Odaily, Matrixport has released a chart indicating that despite Bitcoin's inherent volatility, its funding rates have returned to nearly zero. This suggests that even with the recent rebound in Bitcoin prices, long positions in the futures trading market are not heavily leveraged. This scenario provides traders with an opportunity to increase long positions, potentially driving prices higher. However, the low funding rates also imply that the recent price increase may be driven by spot buying, which is typically more strategic and long-term compared to speculative futures trading. Overall, this is a positive signal, indicating that the market is not overly leveraged and there is potential for further price increases in the future.