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Mainstream CEX and DEX Funding Rates Indicate Market Has Returned to Neutrality
Summary: According to Coinglass data, the funding rates of mainstream CEX and DEX platforms indicate that the market has essentially returned to neutrality, no longer showing a strong bias towards long or short positions. Specific funding rates for mainstream cryptocurrencies are shown in the attached image. Note: Funding rates are fees set by cryptocurrency trading platforms ...
According to Coinglass data, the funding rates of mainstream CEX and DEX platforms indicate that the market has essentially returned to neutrality, no longer showing a strong bias towards long or short positions. Specific funding rates for mainstream cryptocurrencies 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, but adjusting traders' costs or profits 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 bullish market sentiment, while a rate below 0.005% indicates a bearish market sentiment.
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Link: Mainstream CEX and DEX Funding Rates Indicate Market Has Returned to Neutrality [Copy]
