Express
Current mainstream CEX, DEX funding rates indicate market leaning towards bearish sentiment
Summary: Contrary to rumors, according to Coinglass data, the crypto market has fallen back to the $90,000 level after a recent rebound. Currently, mainstream CEX and DEX funding rates indicate a bearish sentiment in the market (including Bitcoin and altcoins), with specific funding rates for mainstream coins shown in the attached image. Note: Funding rates are ...
Contrary to rumors, according to Coinglass data, the crypto market has fallen back to the $90,000 level after a recent rebound. Currently, mainstream CEX and DEX funding rates indicate a bearish sentiment in the market (including Bitcoin and altcoins), with specific funding rates for mainstream coins 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 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 above 0.01%, it indicates a generally bullish market sentiment. When the funding rate is below 0.005%, it indicates a generally bearish market sentiment.
Tags:
Link: Current mainstream CEX, DEX funding rates indicate market leaning towards bearish sentiment [Copy]
