Derived from Coinrise, funding rates on major crypto derivatives exchanges have dropped to their lowest levels since the 2022 bear market, signaling a major leverage reset. On-chain analytics show short sellers dominated the market, with Bitcoin and Ether spot prices stabilizing after sharp declines. Over $1 trillion in market cap was wiped out during the 'Crypto Black Friday' crash, with 1.6 million leveraged long positions liquidated. Analysts suggest the event may pave the way for a market rebound.
Crypto Funding Rates Hit Bear-Market Lows Amid Record Leverage Flush
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