Matrixport: Bitcoin Sentiment Turns Bullish Amid Positive Funding Rate and Growing Futures Positions
CryptoNewsTerminal Staff04 Jun, 2024
Matrixport: Bitcoin Sentiment Turns Bullish Amid Positive Funding Rate and Growing Futures Positions
Matrixport, a leading cryptocurrency service provider, has observed a shift in sentiment towards bullishness in the Bitcoin market. According to Matrixport's recent analysis, the funding rate for Bitcoin has remained positive over the past few weeks, indicating increased optimism among traders. Additionally, the trading position size in Bitcoin futures has witnessed a surge in the past 24 hours, further supporting the notion that traders anticipate a continued rally in the price of BTC. This positive market sentiment suggests that investors are becoming more confident in the long-term prospects of Bitcoin, contributing to its recent price uptrend.
