The current mainstream CEX and DEX funding rate displays a slight easing of bearish sentiment compared to yesterday.
BlockBeats News, January 27th, according to Coinglass data, Bitcoin has rebounded above $88,000, currently trading at $88,408. Currently, mainstream CEX and DEX funding rates show that the market's bearish sentiment has eased compared to yesterday, but there is still widespread bearish sentiment towards altcoins. Specific mainstream coin funding rates are shown in the attached image.
BlockBeats Note: Funding Rate is a rate set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price, usually applied to perpetual contracts. It is a mechanism for fund exchange between long and short traders, and the trading platform does not charge this fee. It is 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 represents the benchmark 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.
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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