Current mainstream CEX and DEX funding rates suggest a further bearish sentiment in the market
BlockBeats News, April 17th, according to Coinglass data, as Bitcoin maintains a sideways trend, the current mainstream CEX and DEX funding rates show a deepening bearish sentiment in the market, with specific funding rates as shown in the attached image.
BlockBeats Note: The funding rate is a rate set by cryptocurrency exchanges to maintain balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a mechanism for fund exchange between long and short traders, with the exchange not charging this fee, used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.
When the funding rate is 0.01%, it indicates the baseline rate. When the funding rate is greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it represents a generally bearish market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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