According to CryptoQuant data, as of November 15th, the 7-day average funding rate for Bitcoin perpetual contracts was about 0.02%, reaching a nearly two-year high and approaching the level of the last quarter of 2021. In addition, Deribit data shows that the majority of options bets are bullish on Bitcoin, with expectations that Bitcoin will reach $40,000 or even $45,000, indicating that $40,000 may become a key testing area for Bitcoin's rebound. (Bloomberg)
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The seven-day average funding rate of the Bitcoin perpetual contract is approximately 0.02%, close to the Q4 level of 2021
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