Bitcoin price is close to its highest level, and the lack of euphoria in the derivative markets is a positive sign.
Bitcoin (BTC) is trading less than 5 % less than its height at all 109,500 dollars, however the demand for lifting in permanent contracts is still balanced between the phase (buyers) and short pants (sellers). Initially, this may seem important, but it does not necessarily increase the possibility of correcting less than $ 100,000.
Bitcoin Perpetual Futures, 8 hours. Source: Coinglass
The charges of exchanges are either long or short pants to compensate for a balance in the demand for benefit. In a well -balanced market, the financing rate hovers for 8 hours near zero, which was the case in the past few weeks. The increasing excitement periods can pay this rate above 0.20 %, equivalent to 1.8 % per month.
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