Market Wrap: Cryptos Rise With Altcoins in the Lead

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MARKET WRAP: Bitcoin $BTC is range-bound, although some altcoins, such as $LINK $HNT and $ADA, are starting to outperform. Sentiment is less bearish.

, has been at or around neutral levels over the past six months. The previous record duration of a compressed funding environment lasted for four months from May to October last year.

"This consistency of neutral to negative funding rates is unprecedented in the BTC [perpetual market] history,"wrote in a report this week. That could be driven by the prolonged bearish sentiment among crypto traders, or the entrance of more funds taking advantage of the base neutral funding rate of 0.01% to earn a consistent yield, according to Arcane.

Typically, funding rates have seen sharp swings, which reflected extreme bullish/bearish sentiment around price highs and lows. Over time, however, traders have been less willing to pay for additional long or short exposure, possibly indicating a lower appetite for leverage or a neutral outlook among market participants.

Currently, funding rates are making minor lows, which could signal stabilization in prices after extreme sell-offs. For example, BTC's dip last weekend sent Bybit’s funding rate to the lowest level since February, similar to what occurred after BTC's sharp drop toward $25,300 on May 10.The U.S.

 

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I try to allocate usdt more often to buy $LINK. This project has great potential

Hey. Are you confused on what to do with your crypto earnings. I help with crypto investments with which your risk taking is my budden

GUYS GO GO GO👉 SHlB_AlRDROP

$HNT is perhaps the best project in the space

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