Crypto Express

07/12 02:11

ARB : Open Interest Weighted Funding Rate

The Open Interest Weighted Funding Rate remains positive. It currently sits at 0.0111%, its highest level since the 7th of June.

A positive reading on this metric indicates that there are more bullish derivative contracts than bearish ones at any given moment.

Similarly, Artemis reported a surge in Bridge Netflow, indicating a rise in on-chain purchases.

In the past 24 hours, investors purchased $14.3 million worth of ARB, reflecting strong buying activity at the time of writing.

With liquidity pouring in from both spot and derivative segments, ARB’s momentum is likely to remain strong, supporting a continued upswing.

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