News Summary

• This means longs pay shorts 66% per year to stay long," Matrixport's head of Research and strategy and 10x Research's founder Markus Thielen, said.The chart shows that the funding rate has remained elevated throughout the year-end holiday season, indicating a bullish mood in the market..
• Positive funding rates mean perpetuals are trading at a premium to the spot price, and longs are paying shorts to keep their positions open..
• Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin..
• In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange..
• The cryptocurrency rallied over 56% in the final quarter of 2023 as speculation gripped the market that the U.S. Securities and Exchange Commission would approve one or more spot-based BTC exchange-traded funds (ETF)..
• Exchanges collect funding rates every eight hours..