Here’s why Bitcoin perpetual futures market saw high volatility in January
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Here’s why Bitcoin perpetual futures market saw high volatility in January
January sees traders reassessing Bitcoin perpetual futures amidst emerging ETF choices.
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As January 2024 unfolded, Bitcoin’s perpetual futures market witnessed a whirlwind of changes. On the birth, traders were extremely optimistic, demonstrated by a soaring Bitcoin mark and a top fee funding fee indicating a bullish stance. Alternatively, because the month stepped forward, this sentiment took a roller-coaster rideâBitcoin’s mark saw dramatic fluctuations, and the funding fee skilled a significant downturn. Amidst this volatility, a restful player emerged on January 10, potentially altering the landscape of cryptocurrency investment. The introduction of space Bitcoin ETFs equipped an alternate, purportedly lower-chance avenue for Bitcoin publicity, subtly hinting at a shift in investor preference and market dynamics. What might maybe well have introduced on the engaging tumble in the funding fee, and how did the market react to the arrival of Bitcoin ETFs? The answers might maybe well perchance honest signal a deeper transformation in how traders are drawing discontinuance cryptocurrency investments in 2024.
Source credit : cryptoslate.com