🔥Mainstream CEX and DEX funding rates indicate a significant easing of the market bearish sentiment

On April 8, according to Coinglass data, as Bitcoin briefly surged above $72k today, the current funding rates on major CEX and DEX platforms show a notable weakening of the market bearish outlook. Funding rates are fees set by cryptocurrency trading platforms to keep contract prices aligned with the underlying asset prices, applicable to perpetual contracts, serving as a mechanism for funding exchanges between long and short traders. When the funding rate exceeds 0.01%, it indicates a generally bullish market; when it is below 0.005%, it indicates a generally bearish market.
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