Sentiment: Negative
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Bitcoin down 3.5% as perpetual funding rate turns negative, $180M in liquidations in 4 hours
By James Van Straten at 2026-05-01 05:06
Sentiment: Negative
Quick Take Bitcoin is down over 3.5% — resulting in over $180 million of liquidations in the past 4 hours in crypto. Roughly all the liquidations have occurred from long liquidations — 97.5% in the past 4 hours. The perpetual funding rate has turned negative on Binance, while the perpetual open interest for the BTCUSDT […] The post Bitcoin down 3.5% as perpetual funding rate turns negative, $180M in liquidations in 4 hours appeared first on CryptoSlate. Continue reading...
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