Data: The funding fees paid by the long side of Bitcoin perpetual contracts have decreased by approximately 62% each month
Glassnode posted on platform X: "In Bitcoin perpetual contracts, the funding fees paid by long positions have decreased by about 62% month-over-month, from $338 million in mid-August to $127 million currently. This highlights a clear macro downtrend in speculative demand, as traders are increasingly unwilling to pay interest to maintain long positions."
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