Bitcoin’s 4% Drop Cools Overheated Funding Rates, Data Shows – CoinDesk
The 4% drop to $42,000 cooled the overheated crypto perpetual futures market and paved the way for a steady rise through the end of the year. Perpetuals are futures with no expiration date with a funding rate mechanism that helps tie the prices of the perpetuals to the index price. Funding rates are regular payments … [Read more…]