IntoTheBlock: BTC and ETH perpetual swap funding rates hit yearly highs
IntoTheBlock stated in a post on X platform that the financing rates for perpetual BTC and ETH contracts have reached a new high for the year, indicating that the market may be overheated. Although this is not a direct predictor of price decline, the sustained high rates suggest that investors need to be cautious.
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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