Bitcoin Hits $57K, Funding Rates Soar to 100%
In A Nutshell Bitcoin’s funding rates on Binance have surged to an unprecedented 100% as its price approaches $57,000, signaling a bullish sentiment in the market. This increase in funding rates presents a lucrative arbitrage opportunity, particularly for crypto hedge funds, amidst rising confidence in the cryptocurrency’s future performance. Understanding the Surge in Bitcoin Funding…