Financing rate turns unfavorable as Bitcoin drops listed below $64k
Financing rate turns unfavorable as Bitcoin drops listed below $64k Andjela Radmilac · 1 week ago · 2 minutes checked out Unfavorable financing rates indicate bearish belief as Bitcoin has a hard time, showing traders' expectations of additional cost decreases. 2 minutes checked outUpgraded: Apr. 16, 2024 at 9:17 pm UTC Cover art/illustration through CryptoSlate. Image consists of combined material which might consist of AI-generated material.In the unpredictable world of cryptocurrency, continuous futures are a go-to for numerous traders. These agreements do not end, relying rather on a system called the financing rate to stabilize market forces. Just recently, Bitcoin's continuous futures saw a significant shift. Generally steadied by constant favorable financing rates, an unexp...