• bitcoinBitcoin (BTC) $ 55,365.00
  • ethereumEthereum (ETH) $ 2,944.83
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 484.17
  • solanaSolana (SOL) $ 129.84
  • usd-coinUSDC (USDC) $ 1.00
  • staked-etherLido Staked Ether (STETH) $ 2,942.25
  • xrpXRP (XRP) $ 0.416404
  • the-open-networkToncoin (TON) $ 6.93
  • dogecoinDogecoin (DOGE) $ 0.099490
  • cardanoCardano (ADA) $ 0.346384
  • tronTRON (TRX) $ 0.125637
  • avalanche-2Avalanche (AVAX) $ 24.15
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 55,341.00
  • shiba-inuShiba Inu (SHIB) $ 0.000014
  • polkadotPolkadot (DOT) $ 5.56
  • chainlinkChainlink (LINK) $ 11.92
  • bitcoin-cashBitcoin Cash (BCH) $ 309.37
  • uniswapUniswap (UNI) $ 7.37
  • leo-tokenLEO Token (LEO) $ 5.70
  • daiDai (DAI) $ 1.00
  • nearNEAR Protocol (NEAR) $ 4.32
  • litecoinLitecoin (LTC) $ 59.58
  • matic-networkPolygon (MATIC) $ 0.456867
  • wrapped-eethWrapped eETH (WEETH) $ 3,062.03
  • kaspaKaspa (KAS) $ 0.156364
  • pepePepe (PEPE) $ 0.000008
  • ethena-usdeEthena USDe (USDE) $ 0.999944
  • internet-computerInternet Computer (ICP) $ 6.42
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,972.79
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.17
  • ethereum-classicEthereum Classic (ETC) $ 19.17
  • moneroMonero (XMR) $ 147.20
  • aptosAptos (APT) $ 5.59
  • render-tokenRender (RNDR) $ 6.48
  • stellarStellar (XLM) $ 0.081676
  • hedera-hashgraphHedera (HBAR) $ 0.064121
  • crypto-com-chainCronos (CRO) $ 0.081877
  • okbOKB (OKB) $ 35.94
  • cosmosCosmos Hub (ATOM) $ 5.51
  • mantleMantle (MNT) $ 0.627994
  • blockstackStacks (STX) $ 1.36
  • arbitrumArbitrum (ARB) $ 0.617019
  • filecoinFilecoin (FIL) $ 3.50
  • makerMaker (MKR) $ 2,109.52
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • immutable-xImmutable (IMX) $ 1.25
  • vechainVeChain (VET) $ 0.022773
  • injective-protocolInjective (INJ) $ 18.73
  • dogwifcoindogwifhat (WIF) $ 1.68
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,287.89
  • the-graphThe Graph (GRT) $ 0.166209
  • suiSui (SUI) $ 0.631692
  • optimismOptimism (OP) $ 1.34
  • bittensorBittensor (TAO) $ 213.34
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,059.82
  • lido-daoLido DAO (LDO) $ 1.63
  • bitget-tokenBitget Token (BGB) $ 1.03
  • ondo-financeOndo (ONDO) $ 0.989499
  • arweaveArweave (AR) $ 21.69
  • bonkBonk (BONK) $ 0.000020
  • whitebitWhiteBIT Coin (WBT) $ 9.24
  • flokiFLOKI (FLOKI) $ 0.000134
  • theta-tokenTheta Network (THETA) $ 1.22
  • aaveAave (AAVE) $ 77.96
  • fantomFantom (FTM) $ 0.415486
  • based-brettBrett (BRETT) $ 0.114959
  • thorchainTHORChain (RUNE) $ 3.31
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,929.71
  • notcoinNotcoin (NOT) $ 0.010357
  • quant-networkQuant (QNT) $ 71.74
  • jasmycoinJasmyCoin (JASMY) $ 0.021081
  • algorandAlgorand (ALGO) $ 0.123532
  • jupiter-exchange-solanaJupiter (JUP) $ 0.709727
  • eosEOS (EOS) $ 0.463958
  • celestiaCelestia (TIA) $ 4.87
  • pyth-networkPyth Network (PYTH) $ 0.260732
  • zebec-protocolZebec Protocol (ZBC) $ 0.018007
  • flare-networksFlare (FLR) $ 0.020933
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,973.21
  • gatechain-tokenGate (GT) $ 6.57
  • kucoin-sharesKuCoin (KCS) $ 8.74
  • elrond-erd-2MultiversX (EGLD) $ 31.27
  • coredaoorgCore (CORE) $ 0.902301
  • sei-networkSei (SEI) $ 0.266206
  • flowFlow (FLOW) $ 0.496298
  • galaGALA (GALA) $ 0.020551
  • ethereum-name-serviceEthereum Name Service (ENS) $ 23.59
  • fasttokenFasttoken (FTN) $ 2.31
  • usddUSDD (USDD) $ 0.998559
  • akash-networkAkash Network (AKT) $ 3.03
  • tokenize-xchangeTokenize Xchange (TKX) $ 9.11
  • bittorrentBitTorrent (BTT) $ 0.00000073
  • msolMarinade Staked SOL (MSOL) $ 155.18
  • dydx-chaindYdX (DYDX) $ 1.16
  • beam-2Beam (BEAM) $ 0.014005
  • axie-infinityAxie Infinity (AXS) $ 4.70
  • bitcoin-svBitcoin SV (BSV) $ 34.15
  • tezosTezos (XTZ) $ 0.674435
  • fraxFrax (FRAX) $ 0.998608
  • ethenaEthena (ENA) $ 0.377878
  • starknetStarknet (STRK) $ 0.495894
  • neoNEO (NEO) $ 9.13
  • mantra-daoMANTRA (OM) $ 0.782599
  • gnosisGnosis (GNO) $ 234.34
  • lido-staked-solLido Staked SOL (STSOL) $ 153.44
  • the-sandboxThe Sandbox (SAND) $ 0.262984
  • ordinalsORDI (ORDI) $ 27.86
  • tether-goldTether Gold (XAUT) $ 2,365.68
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,164.56
  • frax-etherFrax Ether (FRXETH) $ 2,936.44
  • nexoNEXO (NEXO) $ 1.03
  • safeSafe (SAFE) $ 1.31
  • pendlePendle (PENDLE) $ 3.56
  • zksyncZKsync (ZK) $ 0.148531
  • roninRonin (RON) $ 1.63
  • oasis-networkOasis Network (ROSE) $ 0.080791
  • chilizChiliz (CHZ) $ 0.059433
  • ecasheCash (XEC) $ 0.000027
  • true-usdTrueUSD (TUSD) $ 1.00
  • decentralandDecentraland (MANA) $ 0.273072
  • swethSwell Ethereum (SWETH) $ 3,109.49
  • dexeDeXe (DEXE) $ 8.81
  • conflux-tokenConflux (CFX) $ 0.118401
  • klay-tokenKlaytn (KLAY) $ 0.134485
  • worldcoin-wldWorldcoin (WLD) $ 1.89
  • mina-protocolMina Protocol (MINA) $ 0.440423
  • heliumHelium (HNT) $ 2.97
  • havvenSynthetix Network (SNX) $ 1.49
  • book-of-memeBOOK OF MEME (BOME) $ 0.006983
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.004758
  • iotaIOTA (IOTA) $ 0.142688
  • mog-coinMog Coin (MOG) $ 0.000001
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,212.34
  • aioz-networkAIOZ Network (AIOZ) $ 0.418450
  • wormholeWormhole (W) $ 0.251688
  • wemix-tokenWEMIX (WEMIX) $ 1.09
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.67
  • apecoinApeCoin (APE) $ 0.703784
  • pax-goldPAX Gold (PAXG) $ 2,333.26
  • apenftAPENFT (NFT) $ 0.00000043
  • 1inch1inch (1INCH) $ 0.336837
  • nervos-networkNervos Network (CKB) $ 0.009320
  • popcatPopcat (POPCAT) $ 0.421648
  • usdbUSDB (USDB) $ 0.996901
  • raydiumRaydium (RAY) $ 1.54
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • theta-fuelTheta Fuel (TFUEL) $ 0.060895
  • livepeerLivepeer (LPT) $ 12.14
  • xdce-crowd-saleXDC Network (XDC) $ 0.026870
  • singularitynetSingularityNET (AGIX) $ 0.504584
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.941850
  • mx-tokenMX (MX) $ 3.95
  • bitcoin-goldBitcoin Gold (BTG) $ 22.29
  • stader-ethxStader ETHx (ETHX) $ 3,038.82
  • kavaKava (KAVA) $ 0.340457
  • safepalSafePal (SFP) $ 0.793464
  • layerzeroLayerZero (ZRO) $ 3.34
  • illuviumIlluvium (ILV) $ 54.62
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000066
  • astarAstar (ASTR) $ 0.060970
  • axelarAxelar (AXL) $ 0.484152
  • corgiaiCorgiAI (CORGIAI) $ 0.000952
  • woo-networkWOO (WOO) $ 0.167654
  • iotexIoTeX (IOTX) $ 0.033942
  • arkhamArkham (ARKM) $ 1.37
  • rocket-poolRocket Pool (RPL) $ 15.31
  • compound-ethercETH (CETH) $ 59.25
  • echelon-primeEchelon Prime (PRIME) $ 7.26
  • compound-governance-tokenCompound (COMP) $ 44.48
  • aevo-exchangeAevo (AEVO) $ 0.361459
  • kusamaKusama (KSM) $ 19.85
  • aragonAragon (ANT) $ 7.46
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.003302
  • radixRadix (XRD) $ 0.027939
  • pepecoin-2PepeCoin (PEPECOIN) $ 2.45
  • osmosisOsmosis (OSMO) $ 0.428494
  • compound-wrapped-btccWBTC (CWBTC) $ 1,111.43
  • curve-dao-tokenCurve DAO (CRV) $ 0.229565
  • justJUST (JST) $ 0.027935
  • memecoin-2Memecoin (MEME) $ 0.012783
  • stepnGMT (GMT) $ 0.123254
  • zilliqaZilliqa (ZIL) $ 0.014354
  • dydxdYdX (ETHDYDX) $ 1.16
  • m2-global-wealth-limited-mmxMMX (MMX) $ 1.87
  • zcashZcash (ZEC) $ 17.42
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.051290
  • golemGolem (GLM) $ 0.259335
  • blurBlur (BLUR) $ 0.149879
  • manta-networkManta Network (MANTA) $ 0.758104
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,079.93
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000012
  • h2o-daoH2O Dao (H2O) $ 0.309759
  • origintrailOriginTrail (TRAC) $ 0.621389
  • magaMAGA (TRUMP) $ 5.34
  • beldexBeldex (BDX) $ 0.038858
  • blastBlast (BLAST) $ 0.014352
  • holotokenHolo (HOT) $ 0.001414
  • dashDash (DASH) $ 21.08
  • nxmNexus Mutual (NXM) $ 65.89

Bitcoin on the Brink: Funding Rates Suggest a Big Bull Run Is Near

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Recently, Axel Adler Jr., a CryptoQaunt author on the social media platform X, brought attention to an intriguing trend in the funding rates of Bitcoin. For over a year—specifically 413 days—the average 30-day moving average (30DMA) Funding Rate has remained in the positive territory.

This positive streak, with the current rate at 0.006 and this year’s peak hitting 0.03, suggests sustained bullish sentiment among traders. Adler Jr. advises traders to switch to “spot mode,” hinting at a strategic shift to capitalize on potential market movements.

Bitcoin on the Brink: Funding Rates Suggest a Big Bull Run Is Near

Source: Axel Adler Jr on X

Bitcoin Teases Breakout Amidst Static Resistance

Despite the positive undercurrents suggested by funding rates, Bitcoin, the leading cryptocurrency, continues to face challenges breaking through critical resistance levels. As of now, Bitcoin is teetering around the $69,000 mark, experiencing a slight decline of 0.1% in the past 24 hours.

However, it maintains a slight increase of 2.8% over the past week, with its current trading price at $68,483. This standoff at a crucial resistance point is a typical scenario that tests the resolve and strategies of crypto traders and investors alike.

The report from Axel Adler Jr. not only highlights the resilience of Bitcoin and other cryptocurrencies in maintaining a positive funding rate but also underscores the cautious optimism that permeates the crypto market.

For over a year (413 days), the average (30DMA) Funding Rate has been in the positive zone, with a current value of 0.006 and this year’s peak at 0.03.

Inform traders to switch to sport mode. pic.twitter.com/4fiC8SbUOB

— Axel 💎🙌 Adler Jr (@AxelAdlerJr) May 27, 2024

As traders and investors navigate these choppy waters, the advice to switch to spot trading could be a tactical move to leverage the anticipated bullish behavior without the higher risks associated with leverage in derivatives trading. This strategic shift could potentially lead to significant gains for astute traders who can time their entries and exits with precision.

Source

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