Express
Current mainstream CEX, DEX funding rates indicate market still leaning towards bearish sentiment
Summary: According to Coinglass data, Bitcoin fell below $88,000 early this morning after news that Trump stated he would not impose tariffs on Greenland, but then rebounded above $90,000. However, current mainstream CEX, DEX funding rates indicate the market is still leaning towards bearish sentiment, with strong bearish views on mainstream coins such as SOL and ...
According to Coinglass data, Bitcoin fell below $88,000 early this morning after news that Trump stated he would not impose tariffs on Greenland, but then rebounded above $90,000. However, current mainstream CEX, DEX funding rates indicate the market is still leaning towards bearish sentiment, with strong bearish views on mainstream coins such as SOL and BCH.
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 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.
Tags:
Link: Current mainstream CEX, DEX funding rates indicate market still leaning towards bearish sentiment [Copy]
