Bitcoin Funding Rates Jump to 100%, Sparking Opportunity for Savvy Traders
One observer said that elevated funding rates offer crypto hedge funds exceptionally attractive arbitrage opportunities.
One observer said that elevated funding rates offer crypto hedge funds exceptionally attractive arbitrage opportunities.
A market observer said that bitcoin and crypto markets will enter an “unprecedented phase of adoption” as prices eventually breach lifetime peaks.
The latest price moves in crypto markets in context for Feb. 26, 2024.
A ratio related to bitcoin futures and the volatility of options has more than doubled this year, signaling outsized levels of leverage and speculation.
The approval of the spot bitcoin ETFs constituted a landmark event for the $1.7 trillion digital asset industry. With institutional investors on board, demand for bitcoin will grow significantly.
Options dealers likely bought ETH in spot/futures market to hedge their short positions in call options, adding to bullish momentum, BloFin’s Griffin Ardern said.
For the third time in a week, prices quickly pulled back after testing the $53,000 level.
The strategy provides a hedge against a potential bitcoin price pullback to $47,000 and costs over $20 million, according to crypto block trading service provider Greeks.Live.
Veri from past cycles entered around halvings and a key technical analysis tool suggest that the path of least resistance is higher.
Bitcoin’s uptrend is supported by strong trading volumes, a bullish sign for continuation, a FalconX report said.