According to BlockBeats news, on December 10th, Spencer Hallarn, head of OTC trading at GSR, said: “I think most of the bulls in the market have been almost purged and established a foundation of suspicion. The funding rate of perpetual contracts is very low, even negative, indicating that there is not much leverage in the market. Taken together, this structure is actually quite favorable for the Christmas rally. I think the market outlook for the end of the year is good.”
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