“The perp funding rates are exploding, while open interest keeps climbing, now at $14.4 billion,” Markus Thielen, founder of 10X Research, who predicted bitcoin’s rise to $57,000, said. “Traders are becoming increasingly confident that the halving and the ETF inflows will be bullish.”

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• Source: https://www.coindesk.com/markets/2024/02/27/bitcoin-funding-rates-jump-to-100-sparking-opportunity-for-savvy-traders/?utm_medium=referral&utm_source=rss&utm_campaign=headlines