{"id":495109,"date":"2022-07-07T17:00:41","date_gmt":"2022-07-07T17:00:41","guid":{"rendered":"https:\/\/uniquehot.com\/?p=495109"},"modified":"2024-06-11T14:21:23","modified_gmt":"2024-06-11T14:21:23","slug":"bitcoin-funding-rates-are-climbing-as-price-continues-to-struggle","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-funding-rates-are-climbing-as-price-continues-to-struggle\/","title":{"rendered":"Bitcoin Funding Rates Are Climbing As Price Continues To Struggle"},"content":{"rendered":"

Bitcoin has been struggling over the last couple of weeks and funding rates have responded in different ways to the price. Instead of a rise in funding rates when the price had begun to plummet, they had stayed muted and had even begun to decline, especially during the past week. However, this is changing as the price of the digital asset has begun to take a turn for the better.<\/p>\n

Funding Rates Recover<\/h2>\n

Bitcoin funding rates declined to one of their lowest points last month and this had been when the price of the digital asset had been higher. At that point, long traders remained relaxed, opting to stay out of the market while the crash raged on. This has now changed given that long traders have begun to move into the market.<\/p>\n

Related Reading |\u00a0Altcoins Take The Lead As Bitcoin Struggles To Hold Above $20,000<\/a><\/strong><\/em><\/p>\n

Funding rates across Binance and Bybit crypto exchanges have been showing a good recovery trend over the last week. Although it remains below neutral, it is close to reclaiming this level. Bybit has seen its bitcoin perpetuals recover to 0.01% over the past weekend. Binance still remains in the negative territory but a total average of the two has returned an average of 0.003% in the perps market.\u00a0<\/span><\/p>\n

It is obvious that long traders are now rousing from their slumber. This time around, it is with tremendous vigor as evidenced by the growth rate recorded over this time period, going from negative to positive so quickly.<\/p>\n

\"Bitcoin<\/p>\n

Funding rates begin recovery | Source: Arcane Research<\/a><\/pre>\n

There is no telling if this recovery trend will continue in the new week or if this is just a one-off. However, if it turns out to be the former, then the current recovery in the price of bitcoin may not be a short-lived one after all.<\/p>\n

Bitcoin Bouncing Back<\/h2>\n

After a gut-wrenching month of June, July has big better tidings for the digital asset. Now, it has not been as good as investors were hoping but bitcoin has been having better luck holding on to its $20,000 support level compared to a couple of weeks back.<\/p>\n

Related Reading |\u00a0SEC Still Against Spot-based Bitcoin ETFs. Is There A Light At The End Of The Tunnel?<\/a><\/strong><\/em><\/p>\n

This week, the digital asset has recovered a good chunk and has been close to testing the $21,000 resistance level once more. It still remains under key technical levels but the return in positive sentiment shows that there may be more recovery to come.<\/p>\n

\"Bitcoin<\/p>\n

BTC continues recovery trend | Source: BTCUSD on TradingView.com<\/a><\/pre>\n

As bitcoin funding rates recover and long traders become more active, it will be no surprise if bitcoin were to test the $22,500. An unlikely level as of now but doable as long as the sell-off fatigue holds in the market.<\/p>\n

Bitcoin is trading at $20,860 at the time of this writing. It remains the largest cryptocurrency with a market cap of $398 billion.<\/p>\n

Featured image from Verve Times, charts from Arcane Research and TradingView.com<\/pre>\n

Follow <\/i><\/b>Best Owie on Twitter<\/i><\/b><\/a> for market insights, updates, and the occasional funny tweet\u2026<\/i><\/b><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin has been struggling over the last couple of weeks and funding rates have responded in different ways to the price. Instead of a rise in funding rates when the price had begun to plummet, they had stayed muted and had even begun to decline, especially during the past week. However, this is changing as the price of the digital asset has begun to take a turn for the better. Funding Rates Recover Bitcoin funding rates declined to one of their lowest points last month and this had been when the price of the digital asset had been higher. At that point, long traders remained relaxed, opting to stay out of the market while the crash raged on. This has now changed given that long traders have begun to move into the market. Related Reading |\u00a0Altcoins Take The Lead As Bitcoin Struggles To Hold Above $20,000 Funding rates across Binance and Bybit crypto exchanges have been showing a good recovery trend over the last week. Although it remains below neutral, it is close to reclaiming this level. Bybit has seen its bitcoin perpetuals recover to 0.01% over the past weekend. Binance still remains in the negative territory but a total average of the two has returned an average of 0.003% in the perps market.\u00a0 It is obvious that long traders are now rousing from their slumber. This time around, it is with tremendous vigor as evidenced by the growth rate recorded over this time period, going from negative to positive so quickly. Funding rates begin recovery | Source: Arcane Research There is no telling if this recovery trend will continue in the new week or if this is just a one-off. However, if it turns out to be the former, then the current recovery in the price of bitcoin may not be a short-lived one after all. Bitcoin Bouncing Back After a gut-wrenching month of June, July has big better tidings for the digital asset. Now, it has not been as good as investors were hoping but bitcoin has been having better luck holding on to its $20,000 support level compared to a couple of weeks back. Related Reading |\u00a0SEC Still Against Spot-based Bitcoin ETFs. Is There A Light At The End Of The Tunnel? This week, the digital asset has recovered a good chunk and has been close to testing the $21,000 resistance level once more. It still remains under key technical levels but the return in positive sentiment shows that there may be more recovery to come. BTC continues recovery trend | Source: BTCUSD on TradingView.com As bitcoin funding rates recover and long traders become more active, it will be no surprise if bitcoin were to test the $22,500. An unlikely level as of now but doable as long as the sell-off fatigue holds in the market. Bitcoin is trading at $20,860 at the time of this writing. It remains the largest cryptocurrency with a market cap of $398 billion. Featured image from Verve Times, charts from Arcane Research and TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026<\/p>\n","protected":false},"author":541,"featured_media":495111,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,83651,679,1119,1144,85950],"class_list":["post-495109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-funding-rates","tag-bitcoin-price","tag-btc","tag-btcusd","tag-funding-rates"],"acf":[],"yoast_head":"\nBitcoin Funding Rates Are Climbing As Price Continues To Struggle<\/title>\n<meta name=\"description\" content=\"Bitcoin has been struggling over the last couple of weeks and funding rates have responded in different ways to the price. 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/uniquehot.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Funding Rates Are Climbing As Price Continues To Struggle","url":"http:\/\/uniquehot.com\/news\/bitcoin-funding-rates-are-climbing-as-price-continues-to-struggle\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-funding-rates-are-climbing-as-price-continues-to-struggle\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/07\/bitcoin-2.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/07\/bitcoin-2.jpeg?fit=1140%2C760"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin funding rates","bitcoin price","btc","btcusd","funding rates"],"dateCreated":"2022-07-07T17:00:41Z","datePublished":"2022-07-07T17:00:41Z","dateModified":"2024-06-11T14:21:23Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Funding Rates Are Climbing As Price Continues To Struggle\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-funding-rates-are-climbing-as-price-continues-to-struggle\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-funding-rates-are-climbing-as-price-continues-to-struggle\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/bitcoin-2.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/bitcoin-2.jpeg?fit=1140%2C760\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin funding rates\",\"bitcoin price\",\"btc\",\"btcusd\",\"funding rates\"],\"dateCreated\":\"2022-07-07T17:00:41Z\",\"datePublished\":\"2022-07-07T17:00:41Z\",\"dateModified\":\"2024-06-11T14:21:23Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/07\/bitcoin-2.jpeg?fit=1140%2C760","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/495109"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=495109"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/495109\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/495111"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=495109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=495109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=495109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}