Matrixport: The average funding rate for Bitcoin has turned negative, posing challenges for crypto hedge funds

ChainCatcher message, Matrixport stated in its latest report that the average funding rate for Bitcoin (annualized) has turned negative, which poses a real challenge for cryptocurrency hedge funds seeking arbitrage, but it also indicates that futures traders are reluctant to deploy large amounts of new capital. The reason may be the uncertainty of price upside potential in the current environment.