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BitMEX XBTUSD Funding Rates Decline as Price Fluctuates Around $105K
The current price of BitMEX XBTUSD stands at $104,658.3. The funding rate is 0.0090%, which has decreased, indicating a reduction in short interest, with the upcoming funding rate at 0.0068% also showing a decline. The highest price reached recently was $108,398, while the lowest was $102,718.9. Funding occurs three times daily at 5:00 AM, 1:00 PM, and 9:00 PM, and a higher percentage indicates a need for cautious attention.
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AI Analysis
The current state of BitMEX XBTUSD shows a price of $104,658.3, with recent highs and lows of $108,398 and $102,718.9 respectively. The decline in the funding rate to 0.0090% from previous levels sugg...
AI Recommendation
Given the current decreasing funding rates and the price trading within the recent high and low, it is prudent to adopt a wait-and-see approach. Investors should monitor the upcoming funding rate and ...
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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