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In a recent analysis on the X, the platform on the Glassnode series indicated that the first five -Five -five -origin financing rates in the market - BTCOIN (BTC), and Ethereum (ETH), indicated. Solana (Sunday)And XRP and DOGECOIN (DOGE) - The desire for long centers is no longer to the levels that were seen during the rise from November to early December. This indicates that there is no strong demand in the market.
Funding rates act as a major indicator within the market, with an effect that is directly related to the market tendencies. High financing rates often indicate that traders are optimistic and expect price increases in the future, which may indicate a feverish market. On the other hand, low financing rates often indicate declining expectations, which implicitly means that prices may decrease.
Glass knot Shown It is based on the 168 -hour moving average for financing rates, showing all major assets, especially bitcoin, a positive momentum at early last week. On the other hand, Solana is still suffering from a decreasing financing system, which has continued since December.
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The lack of strong demand for long positions indicates that traders may take a cautious position, which means that the market may remain limited or face slight declines in the coming days.
What awaits us?
The cryptocurrency market is preparing for an important week, as investors expect this to happen Federal ReserveThe next meeting and the main inflation data.
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The markets are preparing to influence as the Federal Reserve is preparing to announce its next decision on monetary policy at its meeting in January on Wednesday. In addition to the Federal Reserve meeting, the new inflation data will be monitored on Friday.
The cryptocurrency market is currently undergoing sale, as investors make profits before the first meeting of the Federal Open Market Committee this year.
At the time of this report, Bitcoin has decreased by 3.83 % over the past 24 hours to $ 100,954 after declining to $ 97,715 in the trading session today. The value of Solana's Sol and Dogoin (Doge) currently decreased by 8.46% and 10.46%, respectively, during the past 24 hours, while Ethereum (ETH) and XRP lost up to 6%.
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