Current mainstream CEX, DEX funding rate display shows the market still maintains an overall bearish view
BlockBeats News, February 11th, according to Coinglass data, Bitcoin's downturn has stabilized, reclaiming $69,000. Current mainstream CEX and DEX funding rates indicate the market remains predominantly bearish, as shown in the attached image.
BlockBeats Note: Funding Rate is a fee 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 funding exchange mechanism between long and short traders, and the exchange does not charge this fee. It is used to adjust the cost or profit for traders holding contracts to keep the contract price close to the underlying asset price.
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 sentiment. When the Funding Rate is below 0.005%, it indicates a generally bearish market sentiment.
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
For the first time in nearly 30 years! 500 million euros equivalent deployed as funds, New York Fed report confirms joint Japan-US intervention in yen exchange rate
The New York Federal Reserve released a report on Thursday confirming earlier market news that the US Treasury used approximately 500 million USD equivalent in euros, which it holds, to support the Japanese yen in a coordinated intervention with Japan on July 31.
Nearly $600 Million in Crypto Longs Liquidated as Bitcoin and Ethereum Fall to August Lows

