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Mainstream CEX and DEX Funding Rates Indicate Bearish Market Sentiment
Summary: According to Coinglass data, the funding rates of mainstream CEX and DEX platforms indicate a bearish market sentiment. Specific funding rates for mainstream coins are shown in the attached image. Note: Funding rates are fees set by cryptocurrency trading platforms to maintain balance between contract prices and underlying asset prices, typically used for perpetual contracts. ...
According to Coinglass data, the funding rates of mainstream CEX and DEX platforms indicate a bearish market sentiment. Specific funding rates for mainstream coins are shown in the attached image.
Note: Funding rates are fees set by cryptocurrency trading platforms to maintain balance between contract prices and underlying asset prices, typically used for perpetual contracts. It serves as a mechanism for fund exchange between long and short traders, with the platform not charging this fee, used to adjust the cost or profit of traders holding contracts to keep contract prices close to underlying asset prices.
A funding rate of 0.01% represents the baseline rate. A funding rate above 0.01% indicates a generally bullish market sentiment. A funding rate below 0.005% indicates a generally bearish market sentiment.
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Link: Mainstream CEX and DEX Funding Rates Indicate Bearish Market Sentiment [Copy]
