• Coins
    • Bitcoin
    • Dogecoin
    • Ethereum
    • Litecoin
    • Ripple
    • Tron
    • NFT
  • Cryptonews
  • Blockchain
  • Metaverse
  • Regulation
  • Market Cap
What's Hot

Why Bitcoin Could Emerge As Multi-Trillion Dollar Market

02/01/2023

Premier League Signs NFT Deal With This Ethereum-based Game

02/01/2023

Time To Sell Bitcoin And Crypto? Michael Burry Tweets ‘Sell’

02/01/2023

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Trending
  • Why Bitcoin Could Emerge As Multi-Trillion Dollar Market
  • Premier League Signs NFT Deal With This Ethereum-based Game
  • Time To Sell Bitcoin And Crypto? Michael Burry Tweets ‘Sell’
  • Stablecoin Supply Approaches Death Cross, Bad News For Bitcoin?
  • US lawmakers renew request for answers from Silvergate on FTX: Report
  • Best Non-Fungible Token (NFTs) For Beginners; Start Your NFT Journey Today
  • Djed goes live on Mainnet, beginning a new era of stablecoins
  • Bitcoin Ready To Break Trough $24K, Vital Signs Provide Clues
Facebook Twitter Instagram
Center Crypto NewsCenter Crypto News
Demo
  • Coins
    1. Bitcoin
    2. Dogecoin
    3. Ethereum
    4. Litecoin
    5. Ripple
    6. Tron
    7. NFT
    8. View All

    Why Bitcoin Could Emerge As Multi-Trillion Dollar Market

    02/01/2023

    Time To Sell Bitcoin And Crypto? Michael Burry Tweets ‘Sell’

    02/01/2023

    Stablecoin Supply Approaches Death Cross, Bad News For Bitcoin?

    02/01/2023

    Bitcoin Ready To Break Trough $24K, Vital Signs Provide Clues

    02/01/2023

    Will DOGE reach $1 in 2023?

    01/31/2023

    Will Dogecoin (DOGE) break the long-term support of $0.05?

    12/19/2022

    Dogecoin surges 9%; Will DOGE outperform other altcoins?

    11/29/2022

    Dogecoin (DOGE) takes support from the 200 EMA curve!

    11/21/2022

    Total Ethereum Staked On Lido Finance Reaches New Milestone

    02/01/2023

    Ethereum Hovers Above $1,600, What’s The Next Move?

    01/26/2023

    Number Of New Ethereum Validators Remains Flat Ahead Of Shanghai Upgrade

    01/25/2023

    Here’s What Might Have Triggered Ethereum’s Decline Below $1,600

    01/25/2023

    LTC is all set to surpass the $100 mark!

    01/31/2023

    Can Litecoin (LTC) surpass the $82 mark in the third attempt?

    01/12/2023

    Litecoin (LTC) outperforms its peers and showcases huge potential!

    01/04/2023

    Litecoin lacks a buying spree; Support remains relatively stronger

    12/08/2022

    SEC settles on security claim in LBRY case; community calls it a big win for crypto

    01/31/2023

    New Ripple president says her job is to continue to scale amid crypto winter

    01/27/2023

    Circle, Ripple reflect on Davos 2023

    01/26/2023

    Ripple, Binance impersonators target XRP holders via fake staking program

    01/25/2023

    Is it time for a long position in TRX?

    02/01/2023

    TRON spikes 5% today: Can TRX breakout continue?

    01/09/2023

    TRON is likely to regain its previous support of $0.06

    12/15/2022

    TRON (TRX) price plunge may be on the horizon

    12/08/2022

    Premier League Signs NFT Deal With This Ethereum-based Game

    02/01/2023

    Best Non-Fungible Token (NFTs) For Beginners; Start Your NFT Journey Today

    02/01/2023

    Amazon Likely to Unveil Its NFT Initiative This April 2023

    01/31/2023

    5 Best PFP NFTs Avatars To Look Out For In 2023

    01/23/2023

    Why Bitcoin Could Emerge As Multi-Trillion Dollar Market

    02/01/2023

    Premier League Signs NFT Deal With This Ethereum-based Game

    02/01/2023

    Time To Sell Bitcoin And Crypto? Michael Burry Tweets ‘Sell’

    02/01/2023

    Stablecoin Supply Approaches Death Cross, Bad News For Bitcoin?

    02/01/2023
  • Cryptonews

    ENS Domains can now be accessed via OVER’s Marketplace

    02/01/2023

    Orbeon Protocol, ApeCoin and Shiba Inu

    01/31/2023

    FlokiFi locker crosses $9 million in TVL

    01/30/2023

    NeuralNet Bot goes live on Tafabot

    01/27/2023

    dYdX Foundation postpones the initial release date of tokens to investors

    01/27/2023
  • Blockchain

    Djed goes live on Mainnet, beginning a new era of stablecoins

    02/01/2023

    Aave deploys V3 on Ethereum mainnet to mitigate user risk

    01/30/2023

    COTI makes an invaluable contribution to the boosting of Djed

    01/30/2023

    Moonbeam Foundation gets a new Kusama parachain lease

    01/27/2023

    Ethereum’s devs place shadow fork to back ETH withdrawals

    01/25/2023
  • Metaverse

    How AI can make the metaverse a more interactive space

    01/31/2023

    World’s Biggest Demo Drop in The Sandbox

    01/31/2023

    Irish Distillers Make Bold Move Into The Metaverse

    01/30/2023

    The metaverse is creating a new virtual marketplace for retail brands

    01/27/2023

    Here’s how the World Economic Forum leaps into the metaverse — Davos 2023

    01/27/2023
  • Regulation

    US lawmakers renew request for answers from Silvergate on FTX: Report

    02/01/2023

    Panama’s Supreme Court to rule on cryptocurrency legislation

    01/30/2023

    CFTC’s Johnson urges Congress to expand commission’s crypto oversight powers

    01/28/2023

    Genesis sues Roger Ver for $20M over unsettled crypto options trades

    01/26/2023

    NYDFS advises crypto firms not to commingle user and corporate funds in the event of insolvency

    01/24/2023
  • Market Cap
Center Crypto NewsCenter Crypto News
Home»Coins»Bitcoin»Fresh Bitcoin Long Positions Open Up On Exchanges As Funding Rates Turn Positive
Bitcoin

Fresh Bitcoin Long Positions Open Up On Exchanges As Funding Rates Turn Positive

By 11/04/2022No Comments0 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


On-chain data shows Bitcoin funding rates have turned positive, suggesting there have been some fresh long openings on derivative exchanges.

Bitcoin Funding Rate Turns Green After Derivative Exchange Inflows Spike Up

As pointed out by an analyst in a CryptoQuant post, the new long positions can drive the price up in the short term.

There are mainly two Bitcoin indicators of relevance here, the derivative exchange inflow CDD, and the funding rates.

First, the “derivative exchange inflow CDD” is a metric that tells us whether old BTC supply is moving into derivative exchange wallets or not.

When the value of this metric spikes up, it means a large number of previously dormant coins are entering into these exchanges right now.

Since investors usually deposit their BTC to derivatives for opening up new positions on the futures market, this kind of trend can lead to higher volatility in the price of the crypto as a result of the increased leverage.

Now, here is a chart that shows the trend in the 7-day moving average Bitcoin derivative exchange inflow CDD over the past few days:

Looks like the 7-day MA value of the metric has spiked up recently | Source: CryptoQuant

As you can see in the above graph, the Bitcoin derivative exchange inflow CDD has spiked up over the past day, suggesting that some aged BTC supply has just been deposited into these platforms.

Dormant supply usually belongs to the most resolute holders in the market, so any movement from them can have noticeable impacts on the crypto.

The other metric of interest here is the “funding rate,” which measures the periodic fee being exchanged between traders on the futures market.

When this indicator has positive values, it means there are more long positions open than shorts right now. On the other hand, negative values imply shorts are overwhelming the longs at the moment.

The below chart shows the recent trend in the Bitcoin funding rates.

Bitcoin Funding Rates

The value of the metric has turned positive over the past day | Source: CryptoQuant

From the chart, it’s apparent that following the latest inflows, the funding rates have turned turned back to positive after being slightly negative yesterday.

This would suggest that the HODLers who transferred these coins have opened new long positions in the futures market.

The quant notes in the post that these fresh long positions could support Bitcoin in the short term.

BTC Price

At the time of writing, Bitcoin’s price floats around $20.5k, up 2% in the last week.

Bitcoin Price Chart

Looks like BTC has surged up a bit in the past day | Source: BTCUSD on TradingView
Featured image from Bastian Riccardi on Unsplash.com, charts from TradingView.com, CryptoQuant.com

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

Related Posts

Why Bitcoin Could Emerge As Multi-Trillion Dollar Market

02/01/2023

Time To Sell Bitcoin And Crypto? Michael Burry Tweets ‘Sell’

02/01/2023

Stablecoin Supply Approaches Death Cross, Bad News For Bitcoin?

02/01/2023

Leave A Reply Cancel Reply

Top Posts
Bitcoin

Why Bitcoin Could Emerge As Multi-Trillion Dollar Market

02/01/2023
Bitcoin

Time To Sell Bitcoin And Crypto? Michael Burry Tweets ‘Sell’

02/01/2023
Bitcoin

Stablecoin Supply Approaches Death Cross, Bad News For Bitcoin?

02/01/2023

Subscribe to Updates

Get the latest Hot news from Center Crypto about Bitcoin, Altcoin, NFT, Market Updates Etc

Advertisement
Demo
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest YouTube
Top Insights

Why Bitcoin Could Emerge As Multi-Trillion Dollar Market

02/01/2023

Premier League Signs NFT Deal With This Ethereum-based Game

02/01/2023

Time To Sell Bitcoin And Crypto? Michael Burry Tweets ‘Sell’

02/01/2023
Get Informed

Subscribe to Updates

Get the latest Hot news from Center Crypto about Bitcoin, Altcoin, NFT, Market Updates Etc

© 2023 ThemeSphere. Designed by ThemeSphere.
  • Terms & Conditions
  • Contact
  • Privacy Policy
  • DMCA

Type above and press Enter to search. Press Esc to cancel.