It's All Relative
Jan 13, 2022
• 6
Min Read
Key Takeaways
On Wednesday, the global crypto market experienced some partial relief as the Labor Department released a December CPI figure that met analyst expectations. Consumer prices increased 7.0% over the prior 12 months, up 0.5% from last month.Funding rates in the perpetual futures market turned negative leading up to the CPI print, reducing the near-term risk of a long squeeze.Open interest continues to climb, as we are now well beyond the leverage ratio achieved in early December before the liquidation frenzy across the broad crypto market.The Crypto Fear & Greed Index indica...