No Bottom in Sight As Bitcoin Funding Rate Swings

Historically, Bitcoin Bottoms Have Coincided with Sustaned Negative Funding Rates, Who Typical Coincide with Bearish Sentiment. Examples Include the Covid-19 Crash, The FTX Collaps, and the 2021 China Mining Ban. However, Over The Past Two Weeks, Each Bitcoin Rally Prompted Trampked Traders to Shift Positions, Resulting in Long Liquidations WHEN The PRICE REVERSES, PREVENTING A SUSTAINED FRIOD.

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James van stratenJames Van Straten Is A Senior Analyst at Coindesk, Specializing in Bitcoin and Its InterPlay with the Macroconomic Environment. Previously, James Worked As A Research Analyst at Saidler & Co., A Swiss Hedge Fund, WHERE HE DEVELPED Expertise in On-Chain Analytics. His work focuses on monitoring flows to Analyze Bitcoin’s Role with the Broader Financial System. In addition to his professional endeavors, James Serves as an Advisor to Coinsilium, A UK Publicly Traded Company, WHERE HE PROVides Guidance on Their Bitcoin Treasury Strategy. He Also Holds Investments in Bitcoin, Microstrategy (MSTR), and Semler Scientific (SMLR).

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