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Bitcoin perps most damaging since FTX collapse, whereas Bitcoin continues to be withdrawn from exchanges

by SB Crypto Guru News
March 12, 2023
in Crypto Exchanges
Reading Time: 1 min read
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Fast Take

  • The second most quantity of Bitcoin withdrawn from exchanges this yr at roughly 15,000 BTC.
  • The perpetual funding price is extraordinarily damaging, indicating Bitcoin is being shorted aggressively by file quantities because the FTX collapse.
  • Traders are making a “stablecoin,” shopping for Bitcoin and shorting cross 1x inverse to realize an artificial USD. 
Futures Perpetual Funding rate: (Source: Glassnode)
Futures Perpetual Funding price: (Supply: Glassnode)
Exchange Netflow: (Source: Glassnode)
Change Netflow: (Supply: Glassnode)

The submit Bitcoin perps most damaging since FTX collapse, whereas Bitcoin continues to be withdrawn from exchanges appeared first on CryptoSlate.



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