With the decline in activity in the bitcoin derivatives market, there is a formation of constructive medium- and long-term trends. These are the conclusions made by analysts of Glassnode. Over the past 12 months, trading volume, implied volatility, and spreads over the spot market have fallen to historic lows. This was facilitated by the price consolidation since mid-January. The financing rate of perpetual contracts began to sharply contrast with the previous months, which were characterized by periods of active building longs and shorts. In terms of annualized rates, the funding rate and the cost of rolling into the following quarterly
The post Bullish on Bitcoin – Glassnode Pointed To Positive Changes in BTC’s Fundamental Metrics appeared first on The Merkle News.
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