Written by Kevin BeachyCost of Living ReporterJanuary 4, 2024Updated 1 hour agoImage source, Getty ImagesThe average interest rate on a...
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![Bitcoin [BTC] Bullish bets are more expensive than ever with funding rates reaching a record high of 66%.](https://www.coindesk.com/resizer/LOsvW1XcSwgbLrlpb8kvro2qZLA=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/4YM5LQG7PJHZPMFDVFI4ZIJDZY.jpg "Bitcoin [BTC] Bullish bets are more expensive than ever with funding rates reaching a record high of 66%.")
Holding long positions or leveraged bullish bets in the perpetual futures market tied to bitcoin became more expensive than ever...