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An indicator that we broached earlier this week which bears reexamination is the present stage of BTC funding charges. As a reminder, funding charges characterize funds to merchants which might be lengthy or brief BTC. They’ll mirror dealer sentiment inside futures markets. When funding charges are constructive, buyers typically view this as bullish in nature. Conversely, when funding charges are unfavourable, buyers view this as bearish. Because it stands, BTC funding charges have been constructive day-after-day in July, besides July 1, July 10 and July 15.
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