Perpetual Futures Funding Rate Hints at Possible Market Bottom
CryptoNewsTerminal Staff10 Sep, 2024
Perpetual Futures Funding Rate Hints at Possible Market Bottom
The 30-day average funding rate of the cryptocurrency perpetual futures market has turned negative, which could be a sign of a market bottom, according to a report by cryptocurrency research firm K33 Research. This is only the sixth time since 2018 that the funding rate has been negative, K33 analysts explained, adding "in the past, when the monthly funding rate turned negative, it has coincided with a market bottom. Therefore, now is an opportunity to aggressively increase BTC exposure over the next few months."
