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.
You may also like
Japan’s Katayama says BoJ's latest rate hike was done to achieve inflation target
Tether's Offshore Bank Just Froze its Funds: Is There a Risk for USDT?
WTI drops to near $92.50 on potential US-Iran deal
Costco (COST.US) Q4 revenue and profit surpass expectations, paid membership growth falls short of forecasts
Costco (COST.US) announced its financial results for the fourth quarter of fiscal year 2026, ending on August 30.
