XRP, TRX, DOGE Lead Majors With Positive Funding Rates as Bitcoin's Traditionally Weak Quarter Begins
2025-07-01 05:18:52
Main Idea
XRP, TRX, and DOGE are leading major cryptocurrencies with positive funding rates, indicating strong bullish demand, while Bitcoin and other altcoins show varied performance.
Key Points
1. XRP has the highest annualized funding rate among top 10 tokens at nearly 11%, followed by TRX at 10% and DOGE at 8.4%.
2. Funding rates suggest bullish sentiment for these altcoins, while Bitcoin and ether show less pronounced demand.
3. Stellar's XLM token exhibits a strong bias for bearish bets, contrasting with the bullish trends of XRP, TRX, and DOGE.
4. Bitcoin's spot price has been range-bound between $100,000 and $110,000 for nearly 50 days, with long-term holder selling offsetting inflows into U.S.-listed spot ETFs.
Description
A key metric called perpetual funding rates is signaling bullishness for top altcoins as bitcoin (BTC) kicks off the traditionally weak third quarter quarter with flat price action. Funding rates, charged by exchanges every eight hours, refer to the cost of holding bullish long or bearish short positions in the perpetual (perps) futures (with no expiry). A positive funding rate indicates that perps are trading at a premium to the spot price, necessitating a payment from longs to shorts to mainta...
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