glassnode: Bitcoin futures funding rates cool down, possibly indicating weakening demand
Foresight News reported, citing glassnode data, that Bitcoin futures funding rates are cooling down, currently at approximately $366,000 per hour, approaching the neutral threshold of $300,000 per hour for this cycle. If it falls below this level, it will indicate weakening demand and further widen the divergence in off-chain data compared to previous bullish phases.
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.
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