Post
Topic
Board Speculation
Re: Bitcoin Market Update: The Halving is Here
by
exstasie
on 18/05/2020, 05:54:04 UTC
And buying bitcoin into the halving event wouldn't of done you any good because right prior there was a huge dump to the $8K area, basically too many leveraged people opened up a position hoping for a pump into halving but the reverse happened.

Interesting fact: Bitmex perpetual swap funding rates never went above 0.01% during the April/May rally. Until yesterday that is, when they hit 0.0306%. Predicted rate is at 0.0202%.

https://coinalyze.net/bitcoin/usd/bitmex/funding-rate-chart/btcusd_perp_fr/
https://www.bitmex.com/app/contract/XBTUSD

Bitfinex longs are quickly shooting back up as well:



Lots of people are planning for a break of $10.5K. Let's see if they're right.