The proportion of Bitcoin multi order clearing accounts for 96.7%, and the funding rate remains positive

Yesterday, the proportion of multiple clearing orders in Bitcoin futures reached 96.7%, and the 30 day moving average rose to 31.4%, indicating that almost all forced liquidation in the market came from multiple orders. Despite the price drop and a series of liquidations, the funding rate for Bitcoin perpetual contracts remains positive, with an annualized rate of 43.2% yesterday. The fund rate has not been transferred to the neutral or negative area, indicating that the derivatives market has not yet completed a thorough liquidation.