Quick Take
The perpetual funding rate for Bitcoin flipped positive this morning, which has seen Bitcoin shorts rekt and take crypto liquidations in the past 24 hours to $240 million. The majority of the liquidations are short liquidations at roughly $190m. While the three largest Bitcoin cohorts have started accumulating over the weekend, I would suggest retail would follow sharply as smart money moves first.
Perpetual Funding Rate: (Source: Glassnode)
Liquidations: (Source: Coinglass)
Accumulation Trend Score by cohort: (Source: Glassnode)
The post Bitcoin funding rate has turned positive – three largest cohorts are accumulating Bitcoin as liquidations soar over $230m appeared first on CryptoSlate.
