prices approach the $90,000 mark, a sense of euphoria or extreme optimism seems to be sweeping through the market, warning of a potential price pullback ahead."With BTC's break of key resistance and it's multi-month range, the market is certainly in a state of euphoria. Perp funding is very elevated and basis yields are at seven-month highs," QCP Capital said in a Telegram broadcast.
The open interest-weighted funding rates in perpetuals or futures with no expiry have surged to 0.056%, the highest since at least March, according to Coinglass.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Crypto_Potato - 🏆 568. / 51 Read more »