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K33 Research report: Funding rate indicator indicates that the market will bottom out in the coming weeks
A reliable indicator points to a sharp rebound in the coming weeks and months, K33 Research said in a market report published on Tuesday. According to the report, the average 30-day funding rate for perpetual contracts has fallen to negative levels, which has happened only six times since 2018. K33 analysts Vetle Lunde and David Zimmerman wrote: "In the past, when monthly funding rates fell to negative levels, it usually meant the market bottomed out." According to the report, after the indicato...
2024-09-11 08:33:43
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