IntoTheBlock: BTC and ETH perpetual swap funding rates hit yearly highs
IntoTheBlock stated in a post on X platform that the financing rates for perpetual BTC and ETH contracts have reached a new high for the year, indicating that the market may be overheated. Although this is not a direct predictor of price decline, the sustained high rates suggest that investors need to be cautious.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana price bottom below $100? Death cross hints at 30% drop
Chaos Labs releases Chaos AI, a crypto research tool
Spot gold hits $2,990/ounce, setting a new all-time high
Solayer (LAYER) surpassed EigenLayer (EIGEN) in market value, with a seven-day increase of 50.94%
Trending news
MoreCrypto prices
More
