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Bitcoin Short Bias Signal at $108,160 on BitMEX

The current price of Bitcoin (XBTUSD) on BitMEX is $108,160. The funding rate stands at 0.0100%, which indicates a short position bias, and the next funding rate is projected at 0.0034%, also favoring shorts. The highest recorded price today was $108,520, while the lowest was $107,170.3. Funding occurs three times daily at 5:00 AM, 1:00 PM, and 9:00 PM. A warning is issued that higher percentages in funding rates warrant caution.
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AI Analysis

Analyzing the current Bitcoin trading data on BitMEX, the price is at $108,160, situated near recent highs, with a maximum of $108,520 and a minimum of $107,170.3 during the trading day. The funding r...

AI Recommendation

Given the current data, traders should approach with caution, particularly since the funding rate indicates a short bias. It would be prudent to monitor funding rate fluctuations and market price reac...

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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