ביטקאָין ריקאַווערז פאַסטער פּאָסט-פטקס ווי נאָך פאַרגאַנגענהייט הויפּט קאַפּיטאַליישאַן געשעענישן, דאַטן ווייַזן

כאָטש ביטקאָין (בטק) has been trading in a sideways מוסטער in recent days, as the aftermath of the FTX ייַנבראָך still pressures the קריפּטאָקוררענסי מאַרק, its funding rates are recovering faster than following previous capitulation events.

Specifically, since the crash of what used to be one of the largest קריפּטאָ יקסטשיינדזשיז in the world, Bitcoin’s funding rates are healing faster than after Covid and the טשיינאַ קריפּטאָ פאַרבאָט, דעמאַנסטרייטינג בוליש sentiment, as באמערקט דורך קריפּטאָ אַנאַליטיקס פּלאַטפאָרמע קריפּטאָקוואַנט אויף דעצעמבער קסנומקס.

As demonstrated on the chart, Bitcoin’s funding rates on all exchanges (SMA 14 – simple מאָווינג אַוורידזשיז on 14 periods) have indeed made a slower recovery from the negative to the positive zone during the crises induced by Covid and China ban than they have after the FTX crash.

וואָס טוט דאָס מיינען?

ווי די פּלאַטפאָרמע דערקלערט:

“Funding rates make the perpetual Futures contract price close to the index price. Derivatives exchanges use funding rates (%) for perpetual contracts.”

Furthermore, positive funding rates indicate dominant long sentiment or “that long-position traders are prevalent and are willing to pay funding to short traders” and that “many traders are bullish.”

On the other hand, negative funding rates imply dominant short sentiment, indicating that “short-position traders are dominant and are willing to pay long-position traders,” demonstrating a בעריש שטעלונג.

That said, the experts at קריפּטאָקוואַנט have stated that additional bankruptcies of crypto companies, as the aftershocks of the FTX implosion are still felt, would pressure the return of Bitcoin funding rates back into the negative zone.

ביטקאָין פּרייַז אַנאַליסיס

Meanwhile, Bitcoin’s price action in the past demonstrates a recovery could indeed be in store איבער די ווייַטער דריי יאָר, considering there is a pattern of a year when ביטקאָין achieved its all-time high (ATH) being followed by a bear market year on several occasions.

It is also worth mentioning that the legendary American ווערט ינוועסטער Bill Miller has voiced his surprise at Bitcoin’s performance amid the current crisis in the sector, projecting it would likely perform even better in the future as the Federal Reserve eases its monetary policy, as Finbold געמאלדן.

As things stand, the flagship digital asset has been changing hands at the price of $16,836.69, demonstrating a 0.08% decline over the past 24 hours, as well as a 1.32% drop compared to seven days before, but still a 1.76% increase on the monthly chart, as per data retrieved on December 23.

For the moment, both Bitcoin bears and bulls seem to hold equal power as the maiden קריפּטאָקוררענסי isn’t finding significant fundamental external triggers that would initiate a bullish rally, suggesting a protracted sideways trend toward the end of the year is possible.

אָפּלייקענונג: דער אינהאַלט אויף דעם פּלאַץ זאָל ניט זיין געהאלטן ינוועסמאַנט עצה. ינוועסטינג איז ספּעקולאַטיווע. ווען ינוועסטינג, דיין קאַפּיטאַל איז אין ריזיקירן.