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Rptr45 @Rptr45
, 4 tweets, 2 min read Read on Twitter
0/ $BTC positioning continues to skew short with Bitmex on track for it's 10th straight negative funding rate day and 18th out of the past 21 (since we broke $6K) w/ an avg daily funding of -0.21% over that time.
1/ This coincides with the @bitfinex L/S ratio in the bottom ~12.0% of observed periods down to 0.76 last.
2/ Over that same time period the $ETH avg funding rate on Bitmex has been +0.07% with 6 negative daily readings. ETH's funding has skewed + since the perpetual swap was launched & despite being + is still in the bottom ~3.0% of observed periods (since 8/2 launch)
3/ $ETH's L/S Ratio is in the ~50% of observed periods at ~1.6 last.
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