risky
Bitcoin (XBTUSD) Funding Trends Signal: Keep Cautious
The current price of XBTUSD on BitMEX is $117,834.3, with a funding rate of 0.0100%, indicating a decrease in short-side funding. The next funding is also set at 0.0100%, maintaining the short funding trend. The trading range has been between a high of $118,981.8 and a low of $110,555. The funding occurs three times daily at 5:00 AM, 1:00 PM, and 9:00 PM. Higher percentage figures may require caution. For more insight on TUNA BOT, additional details are suggested.
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AI Analysis
The Bitcoin (XBTUSD) on BitMEX currently trades at $117,834.3, showing a slight short bias with a funding rate of 0.0100%. The persistent short funding rate suggests that traders are generally positio...
AI Recommendation
Traders should approach this market with caution due to the presence of a consistent short funding rate and significant volatility within the trading range. It is advisable to monitor upcoming funding...
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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