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#699 Bitcoin On-chain Metrics w/ Dylan LeClair

The Pomp Podcast

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What Is the Perpetual Funding Rate?

This is the reflextive, kind ofa parabolic fase of the bull market. We we just kind of entered that, enter that zone. It's perfectly yo understandable to be a little confused by derivatives. And so when you see the really high green spike, long positions are paying positions a pretty good amount of money just to hold their position. So this kind of incentivies the market to stay teathered towad the actual spot prisis because everybody wants to be long bic con. But if too many people in the dridges market are long, well, then there's going to be a really strong financial incentive to be short.

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