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Negative Bitcoin funding rates could be bullish: analyst

Naga Avan-Nomayo
August 7, 2024
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The Aug. 5 market plunge reversed Bitcoin’s funding rate for margin positions, potentially setting the stage for a bullish fourth quarter. Pseudonymous CryptoQuant analyst ShayanBTC said that Bitcoin’s (BTC) early-August decline may benefit the digital asset before this year ends.…

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