Buy signal for two cryptocurrencies with negative funding rates
Two cryptocurrencies among the highest open interests in the market currently have negative funding rates, potentially indicating a buy signal. The negative funding rates mean short-sellers must pay an interest rate to long-position traders for as long as they keep the short positions open. Therefore, these traders could face liquidation through a short squeeze or be forced to close their positions, potentially impacting prices. Looking for insights, Finbold turned to CoinGlass ‘s funding rates heatmap on April 23. We ordered the chart by crypto currencies with the highest open interest (OI) and spotted two possible buy signal s to consider. Picks for you S&P 500 to surge 19% by 2025, Bank of America says 18 mins ago AI predicts Gold price for May 1, 2024 45 mins ago What’s happening with Euro vs. Japanese Yen (EUR/YEN)? 58 mins ago Idaho-based financial advisor discloses 6% of its portfolio in Bitcoin ETF 1 hour ago Bitcoin Cash...