17-5-2025 – Fresh data from analytics firm Glassnode reveals a remarkably balanced trading landscape, despite Bitcoin’s robust price surge. The perpetual futures market has maintained its composure, with funding rates hovering at a measured 0.007% – yielding an annualised figure of 7.6%.
Industry analysts note this unusual equilibrium in derivatives trading suggests a maturing market dynamic. Whilst traditional patterns might have indicated a surge in leveraged positions during such price movements, the current scenario presents a more nuanced picture. The measured approach by traders, particularly in long positions, points towards a more sophisticated market understanding.
The harmonious alignment between spot and derivatives markets has caught the attention of veteran traders. This synchronisation, coupled with conservative leverage levels, paints a portrait of sustainable market behaviour – a far cry from the volatile swings that historically characterised cryptocurrency trading.
