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One month of funding rates below neutral territory
The Bybit and Binance perp discount to the spot market remains sticky. Funding rates remain below neutral on Bybit and Binance, while we note a massive growth in BTC-denominated open interest in perps last week.Preview
Open interest in BTC perps surged to a new all-time high on July 8th
... and OI still remains on par with June 12th ATH as the market stays leveraged ahead of Wednesday’s CPI release.Preview