30-day average funding rates in Binance's BTCUSDT perp have now been negative for 46 consecutive days, matching the streak from Nov 11 to Dec 26, 2022.
🔥 Gate DEX BTC & ETH Weekend Trading Carnival is LIVE!
Trade BTCUSDT & ETHUSDT Perpetual Contracts this weekend and enjoy up to 30% fee cashback!
💰 10,000 USDT Total Rewards
📈 Trade more to unlock higher cashback tiers
🎁 Up to 300 USDT cashback per user
📅 Aug 21 – Aug 24
Don’t miss your weekend trading rewards
📖 More Details:
GM 🦅☝️
two major ones for the fam today:
→ first @Binance Futures USD1 perps → BTCUSD1 goes live May 18, 09:00 UTC. 100x. USDⓈ-margined.
AND
→ USD1 is now at the Highest Collateral Ratio Tier → 99.99% across Portfolio Margin on Binance Futures.
1 of 4: Right or worng? In October I spotted a BTCUSD BB pattern that resulted in a trip to the upper band. We 'should' have seen a better gain out of that pattern, so its 'failure' was an alert of potential weakness.
Well, suddenly, perp traders woke up.
Notional open interest on Binance's BTCUSDT perp is up 7,547 BTC over the past four hours. We have not seen 4 4-hour growth of a similar magnitude since 2023.