Negative funding rates, rising open interest and liquidations point to crowded positioning and heightened derivatives activity.
Bitcoin sets up potential short squeeze as funding plunges to -6%
Negative funding rates, rising open interest and liquidations point to crowded positioning and heightened derivatives activity.
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On the sidelines of Token2049 in Singapore, crypto execs kept returning to the same theme: Tokyo is becoming the region’s new crypto capital.
VanEck's David Schassler expects gold and bitcoin to rebound sharply as investor demand for hard assets is expected to rise.
BNB's price action was also influenced by a reduction in gas fees and Kazakhstan's state-backed Alem Crypto Fund naming BNB as its first investment asset.
Binance, Hyperliquid, and Bybit were the most affected exchanges, comprising 72% of all forced unwinds.