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Current mainstream CEX and DEX funding rates show market not entirely bullish
Summary: According to Coinglass data, current mainstream CEX and DEX funding rates indicate a neutral market sentiment, with Binance platform's BTC contract funding rate returning to 0.01% (previously below 0.01%) and some trading pairs even showing negative rates (indicating more short positions). Specific funding rates for mainstream coins are shown in the attached image. Note: Funding ...
According to Coinglass data, current mainstream CEX and DEX funding rates indicate a neutral market sentiment, with Binance platform's BTC contract funding rate returning to 0.01% (previously below 0.01%) and some trading pairs even showing negative rates (indicating more short positions). Specific funding rates for mainstream coins are shown in the attached image.
Note: Funding rates are rates set by cryptocurrency trading platforms to maintain balance between contract prices and underlying asset prices, typically for perpetual contracts. It is 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 holding contracts for traders to keep contract prices close to underlying asset prices.
When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is above 0.01%, it indicates a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.
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