Bitcoin perpetual contract funding rate drops to -6%, potentially triggering a short squeeze
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
The funding rate for Bitcoin perpetual contracts has dropped to -6%, the lowest level in three months, indicating the presence of aggressive short positions in the market. As the price of Bitcoin briefly fell to $63,000, the coin-margined open interest increased to 687,000 BTC, suggesting that despite price fluctuations, market participation has risen.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
You may also like
Strategy CEO Phong Le says MSCI exclusion has little impact, about 3% of stocks are related to the index
Odaily星球日报•2026/11/13 10:07
EUR/USD: ECB hawks lag Fed – ING
FXStreet•2026/11/13 09:48
US Dollar: Resilient as Fed stays hawkish – TD Securities
FXStreet•2026/11/13 09:24
Goldman Sachs: Applied Materials (AMAT.US) Posts Solid Q4 Results, DRAM and Advanced Packaging to Drive Accelerated Growth by 2027
Goldman Sachs maintains its "Buy" rating on Applied Materials but lowers its 12-month target price from $670 to $580.
智通财经•2026/11/13 09:18
Crypto prices
More
Bitcoin
BTC
$69,238.17
-5.73%
Ethereum
ETH
$1,949.88
-4.73%
Tether USDt
USDT
$0.9991
+0.03%
BNB
BNB
$638.61
-4.82%
USDC
USDC
$0.9999
+0.00%
XRP
XRP
$1.03
-2.47%
Solana
SOL
$80.32
-3.38%
TRON
TRX
$0.3115
-1.59%
Hyperliquid
HYPE
$72.49
+1.13%
Zcash
ZEC
$946.46
-4.22%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now