BlockBeats News, January 6 — According to Coinglass data, after a recent rebound, the mainstream CEX and DEX funding rates indicate that the market is once again turning bearish (including Bitcoin and altcoins). The specific funding rates for major cryptocurrencies are shown in the attached chart.
BlockBeats Note: Funding rates are rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, typically applicable to perpetual contracts. It is a mechanism for transferring funds between long and short traders; the trading platform does not charge this fee. It is used to adjust the cost or profit for traders holding contracts, ensuring the contract price stays close to the underlying asset price.
When the funding rate is 0.01%, it indicates the baseline rate. When the funding rate exceeds 0.01%, it suggests a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.
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The current mainstream CEX and DEX funding rates indicate that the market is once again leaning towards a bearish outlook.
BlockBeats News, January 6 — According to Coinglass data, after a recent rebound, the mainstream CEX and DEX funding rates indicate that the market is once again turning bearish (including Bitcoin and altcoins). The specific funding rates for major cryptocurrencies are shown in the attached chart.
BlockBeats Note: Funding rates are rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, typically applicable to perpetual contracts. It is a mechanism for transferring funds between long and short traders; the trading platform does not charge this fee. It is used to adjust the cost or profit for traders holding contracts, ensuring the contract price stays close to the underlying asset price.
When the funding rate is 0.01%, it indicates the baseline rate. When the funding rate exceeds 0.01%, it suggests a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.