Mike Smith
Jan 24
The cryptocurrency market continues to develop rapidly, as evidenced by the dynamics of BTC futures rates. The analytical platform Glassnode recorded significant changes in the sentiment of traders.
The average 24-hour funding rate has exceeded the neutral mark of 0.01% on key cryptocurrency exchanges. On Binance, the value reached 0.011%, on OKX - 0.029%, and on Bybit - 0.012%. These data indicate growing interest of speculators in the upward trend of the digital currency.
The current situation is characterized by a confident growth of quotes, which reached $ 104,000. The market situation shows distinct bullish sentiment, traders are actively using futures instruments to fix positions.
The high level of funding rates indicates a significant volume of long positions. This confirms the growing optimism among traders who expect the positive trend to continue.
The interest in derivative segments of the market remains consistently high due to the strengthening of the crypto asset. In addition to price dynamics, the behavior of traders plays a significant role. The largest exchanges are recording a stable increase in rates, which reflects the confidence of major players in the further development of the market.
Analysts predict that current trends will continue in the near future. Steady demand for crypto assets and a favorable macroeconomic background create the prerequisites for further growth. Overcoming new resistance levels can lead to an even greater strengthening of bullish sentiment and an increase in trading volumes.
The positive scenario is supported not only by the growth in value, but also by the general improvement of the market situation. Traders are cautiously optimistic about the potential for further development of the cryptocurrency market, closely monitoring the slightest changes in the situation.
