![Bitcoin (BTC) Funding Rates Surge To 100% on Binance as Prices Near $57K Bitcoin (BTC) Funding Rates Surge To 100% on Binance as Prices Near $57K](https://digitallifegaming.com/wp-content/uploads/2024/02/RL5JTRNEYZAD7OXMUDITRZTMTQ-768x402.jpg)
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“The perp funding rates are exploding, while open interest keeps climbing, now at $14.4 billion,” Markus Thielen, founder of 10X Research, who predicted bitcoin’s rise to $57,000, said. “Traders are becoming increasingly confident that the halving and the ETF inflows will be bullish.”
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