Bitcoin perps most negative since FTX collapse, while Bitcoin continues to be withdrawn from exchanges
Over 15k Bitcoin left exchanges yesterday, while perps are the most negative since FTX collapse
Quick Take
- The second most amount of Bitcoin withdrawn from exchanges this year at roughly 15,000 BTC.
- The perpetual funding rate is extremely negative, indicating Bitcoin is being shorted aggressively by record amounts since the FTX collapse.
- Investors are creating a “stablecoin,” buying Bitcoin and shorting cross 1x inverse to achieve a synthetic USD.
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Andjela Radmilac · 1 day ago
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