Matrixport: Bitcoin's average funding rate has turned negative, and crypto hedge funds face challenges

ChainCatcher news, Matrixport said in the latest report that Bitcoin's average funding rate (annualized) has turned negative, which is a real challenge for cryptocurrency hedge funds seeking arbitrage, but it also shows that futures traders are reluctant to deploy large amounts of new capital. The reason may be that futures traders are uncertain about the price upside in the current environment.