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Bitcoin Funding Rates and 3-Month Basis Decline Despite Futures Rally
The funding rates for #BTC and the 3-month moving basis continue on a declining trend. Despite an increase in the futures market, the appetite for long exposure is waning, indicating increased caution and potentially a more neutral or bearish stance.
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AI Analysis
The persistent decline in funding rates for Bitcoin and the 3-month moving basis suggests that the market sentiment is shifting. Lower funding rates typically indicate reduced enthusiasm for long posi...
AI Recommendation
Given the ongoing decline in funding rates and the cautious sentiment reflected in the decreasing appetite for long positions, it would be prudent to adopt a more cautious approach. Traders should con...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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