The derivatives market also reflects this restrained optimism. According to CryptoQuant, the funding rate currently sits at 0.01.
This indicates a modest bullish bias, contracts are slightly favoring longs, but without any signs of extreme sentiment or fear of missing out (FOMO).
This further supports the notion that market participants are positioning themselves cautiously, even amid new highs.
This indicates a modest bullish bias, contracts are slightly favoring longs, but without any signs of extreme sentiment or fear of missing out (FOMO).
This further supports the notion that market participants are positioning themselves cautiously, even amid new highs.
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