A key metric called perpetual financing rates is to report optimization for the best altcoins as Bitcoin
Launches the third traditionally low quarter of the quarter with a flat price action.
Funding rates, billed by exchanges every eight hours, refer to the cost of keeping short or low -hand upper positions in the perpetual (PERPS) future (without expiration).
A positive financing rate indicates that Perps is negotiating at a cash price bonus, requiring a payment of longs to shorts to maintain bullish bets. Consequently, positive rates are interpreted as representing bullish feeling, while negative rates suggest the opposite.
During writing, perpes linked to tokens focused on XRP payments
The fourth world digital active in market value had an annualized financing rate of almost 11%, the highest among the 10 best tokens, according to the Velo data source. TRON TRON and DOGECOIN financing rates were 10% and 8.4% respectively, while rates for Bitcoin market leaders and ether were marginally positive.
In other words, the XRP market has demonstrated the strongest demand for leverages with other major cryptocurrencies, including BTC and ether
. This conforms to the tip of the Haussier feeling for XRP last week, despite the regulations between Ripple and the stalling of the dry, as Santly noted.
Monero focused on privacy
Among the tokens beyond the list of the first 10 with a financing rate of more than 23%, while the XLM token of Stellar reported a strong bias for the basis of a 24%financing rate.
Seasonal seasonal district
Historically, the third quarter was a low period for Bitcoin, with data indicating an average gain of 5.57% since 2013, according to Coinglass. It is a cry far from the average gain of 85% of the fourth quarter.
The cash price of the BTC remained stable at around $ 107,000 at the time of the press, offering no means of the clear steering. The evaluations were largely blocked between $ 100,000 and $ 110,000 for almost 50 days, with the sale by portfolio of long-term holders thwarting persistent entries in the funds negotiated on the stock market listed in the United States (ETF).
Some analysts, however, expect that an important decision will soon occur, with all eyes on the speech of the president of the Fed, Jerome Powell, Tuesday and the release of the non -agricultural wage bill on Friday.
