A bullish sign? — TradingView News
Funding rates across crypto derivatives markets plummeted to their lowest levels since the depths of the 2022 bear market, as short sellers mounted up over the weekend.
The dramatic fall in funding rates was reported by onchain analytics provider Glassnode on Sunday.
“This marks one of the most severe leverage resets in crypto history,” the analysts noted, stating it was a clear sign of “how aggressively speculative excess has been flushed from the system.”
Funding rates are periodic payments between traders in the most popular crypto derivatives — perpetual futures contracts. They are designed to keep the perpetual contract price anchored to the spot price.
When funding rates are extremely low or negative, there are more short…
