K33 Report: Fund Rate Indicator Suggests Crypto Market to Bottom Out and Rebound in the Next Few Weeks
According to CoinDesk, cryptocurrency research firm K33 Research stated in a market report released on Tuesday that although investors are still concerned about the risk of further decline, there is a reliable indicator that suggests a significant rebound in the market in the coming weeks and months.
According to the report, the 30 day average funding rate for Bitcoin (BTC) perpetual contracts has dropped to negative levels, a situation that has only occurred six times since 2018. K33 analysts Vetle Lunde and David Zimmerman wrote:
In the past, when monthly funding rates hit negative levels, it coincided with the market bottoming out
The report points out that based on the previous situation where the indicator flipped to a negative value, Bitcoin's average return rate in the following 90 days was 79%, and the median return rate in 90 days was 55%.
Meanwhile, due to the influx of short positions, the open interest in derivative contracts gradually climbed to the highest level since late July. The report points out that, combined with sustained negative funding rates, these indicators indicate potential short selling risks in the market. The analyst wrote:
The similar funding rate environment provides very strong reasons for active exposure to BTC in the coming months
(责任编辑:经济数据)
- ·穿越加密“快钱陷阱”:从对赌到理性,重新聚焦基本面
- ·长盈通(688143.SH):拟筹划发行股份及支付现金购买资产事项 11月1日起停牌
- ·保险到期了,怎样把到期的钱取出来呢?
- ·10月31日前海开源深圳特区精选股票A净值下跌0.07%,近1个月累计上涨1.84%
- ·福斯特(603806.SH)股东同德实业拟减持不超813.1万股
- ·即将爆发环球币-环球币即将腾飞
- ·Coinbase analysis of Solana network costs: activity tends to be in the western US time slot, and DEX fees account for a higher proportion than Ethereum
- ·美股异动|Booking一度涨超8.7%创新高 Q3营收、总预订金额均超预期
- ·门罗交易所
- ·10月31日华商新常态混合C净值下跌0.72%,今年来累计下跌6.42%