Bitcoin funding rate has turned positive – three largest cohorts are accumulating Bitcoin as liquidations soar over $230m – Crypto Gator | The Best Cryptocurrency, Blockchain and Forex News Aggregator

Bitcoin funding rate has turned positive – three largest cohorts are accumulating Bitcoin as liquidations soar over $230m

Quick Take The perpetual funding rate for Bitcoin flipped positive this morning, which has seen Bitcoin shorts rekt and take crypto liquidations in the past 24 hours to $240 million. […]

Quick Take

The perpetual funding rate for Bitcoin flipped positive this morning, which has seen Bitcoin shorts rekt and take crypto liquidations in the past 24 hours to $240 million.
The majority of the liquidations are short liquidations at roughly $190m.
While the three largest Bitcoin cohorts have started accumulating over the weekend, I would suggest retail would follow sharply as smart money moves first.

Perpetual Funding Rate: (Source: Glassnode)
Liquidations: (Source: Coinglass)
Accumulation Trend Score by cohort: (Source: Glassnode)

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