Bitcoin’s recent rally is still lingering in the market. This new break above $44k has done a lot to boost morale in the market. The number of long-term holders is on the rise and more money is coming into the market. However, one subset of bitcoin investors seems to remain unmoved with the recent rally. These are the bitcoin perpetual traders as they have remained passive even in light of new value.
Funding Rates Are In A Decline
Bitcoin funding rates have continued to remain flat despite the recent rally. Usually, when there is a rally in the price of bitcoin, perp traders want to take advantage of the movement, which leads to an increase in the funding rates of the digital asset. This time would prove to be different with funding rates remaining neutral. This will mark the third consecutive month of neutral to negative funding rates. readmore
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