On May 9, according to Coinglass's bitcoin trading platform clearing map data, the empty bitcoin order on CEX has been basically cleared. The chart data shows that if the price falls to $100,329, the cumulative multi-order clearing strength will reach 1.602 billion, exceeding the total multi-order clearing strength visible on the current chart. If the price falls to $98,296, the cumulative multi-order clearing strength will reach 3.487 billion. After this increase, the bitcoin contract funding rate on CEX has finally become neutral. At present, Binance, OKX, and Bybit are all 0.01%, no longer showing a bearish rate situation.
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