Matrixport: Trading volume in the South Korean market and Bitcoin funding rates both declined

ChainCatcher news, Matrixport released a chart stating that the trading volume in the Korean market is highly correlated with the Bitcoin funding rate, as Korean trading users have significant influence in the market. As trading volume declines, the annualized Bitcoin funding rate also decreases. Recently, the trading volume has been below $1 billion for three consecutive days, which may indicate that the funding rate will further decline.

However, with the approach of the Korean Blockchain Week, market activity and sentiment may rebound.