Bitcoin’s Market Landscape: A Mix of Optimism and Caution as Macro Indicators Weigh on Growth
While global financial markets remain uncertain, the cryptocurrency sphere—Bitcoin in particular—seems to be stirring an unusual blend of positive on-chain metrics and negative macroeconomic conditions into what might be a compelling growth story. On the major exchanges—Binance, ByBit, OKX, and Deribit—the most recent market developments have suggested a shift in sentiment toward Bitcoin. The average funding rate across these platforms was just above zero, indicating a very cautious market. But funding rates have dropped into the negative for a number of stretches in the past. And what happens next has been somewhat mixed: Price increases for Bitcoin have followed four of those negative stretches, while the only occasion that it dropped into negative funding territory and then moved back to zero was followed by a pretty steep decline in price. https://twitter.com/AxelAdlerJr/status/1907289208827654336?t=pligaT4-1s2_8bMtHZ3AVw&s=19 A Stabilizing Market with Positive Long-Term Signals The spot […]
