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Current mainstream CEX, DEX funding rates show market still leaning towards bearish BTC, ETH
Summary: According to Coinglass data, the current mainstream CEX, DEX funding rates show that the market is still leaning towards bearish BTC and ETH, as shown in the specific funding rates in the chart below. Note: Funding rates are rates set by cryptocurrency trading platforms to maintain balance between contract prices and underlying asset prices, typically ...
According to Coinglass data, the current mainstream CEX, DEX funding rates show that the market is still leaning towards bearish BTC and ETH, as shown in the specific funding rates in the chart below.
Note: Funding rates are rates set by cryptocurrency trading platforms to maintain balance between contract prices and underlying asset prices, typically used for perpetual contracts. It is a mechanism for fund exchange between long and short traders, with the trading 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.
When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.
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Link: Current mainstream CEX, DEX funding rates show market still leaning towards bearish BTC, ETH [Copy]
