Bitcoin’s 20% rebound in one day is one of its biggest ever — But there’s a catch

• January 12, 2021 10:01 PM
• Cryptocurrency News

Bitcoin’s 20% rebound in one day is one of its biggest ever — But there’s a catch | COSS Exchange

Bitcoin’s 20% rebound in one day is one of its biggest ever — But there’s a catch The price of Bitcoin (BTC) rose 20% on Jan. 12, from $30,500 to around $36,600, across major exchanges. But while the rebound after the correction has been strong, there are two warning signs.BTC/USDT 1-hour price chart (Binance). Source: TradingView.comFirst, the funding rate in the futures market remains high. The funding rate is a mechanism that incentivizes the minority of the market. Bitcoin Miners Position Index. Source: CryptoQuant