The current mainstream CEX and DEX funding rate displays a slight weakening of the bearish sentiment in the market
BlockBeats News, February 26th, according to Coinglass data, as Bitcoin briefly rose above $69,000 today, the current mainstream CEX, DEX funding rates show a weakening bearish sentiment in the market, with specific funding rates as 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, typically applicable to perpetual contracts. It is a fund exchange mechanism 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 baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 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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