In a report by Glassnode and researchers Cryptovizart and Ukuria OC, bitcoin has reclaimed a key short-term cost basis after the Federal Reserve’s recent interest rate cut. This recovery signals the potential for further price momentum, although broader market conditions remain cautious. Bitcoin Reclaims Short-Term Cost Basis According to Glassnode, bitcoin’s price has risen above…
Bitcoin has recaptured its Short-Term Holder (STH) cost basis of $61,900 following the Federal Reserve’s recent 0.5% interest rate cut, according to Glassnode’s recent analysis. Despite the market’s ongoing consolidation, the report suggests new investors have demonstrated notable confidence in the long-term market outlook. Report Shows Despite Consolidation, New Bitcoin Investors Display Strong Market Confidence…
The funding rate is a key mechanism in Bitcoin perpetual futures designed to keep the contract price as close as possible to BTC‘s spot price. It’s a periodic payment exchange between long and short traders, determined by the difference between the perpetual futures and spot prices. When the funding rate is positive, long positions pay…
Bitcoin’s breakout above $60,000 seems to have triggered a new spark of optimism among traders. The market has been flat for most of August after experiencing a significant drop at the beginning of the month, which is why the relatively slight price increase above the $60,000 threshold was enough to inject the market with a…