Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Cosmos’ funding rate was strongly negative, according to the 1-Day Funding Rate data on Coinglass. This meant that short positions paid the long positions periodically, and showed speculators were bearishly positioned over the previous day. Indeed, […]
data on Coinglass. This meant that short positions paid the long positions periodically, and showed speculators were bearishly positioned over the previous day.
The trading volume has also been sizeable in September. Over the next few days, a retest of the support zone could offer a buying opportunity. Yet, it must be remembered that Bitcoin has a bearish bias until the $19.6k mark can be broken.
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