BlockBeats message, April 6, according to Coinglass data, as Bitcoin today surged and broke through $69k, the current funding rates of major CEXs and DEXs show that the market’s bearish sentiment has somewhat weakened. The specific funding rates are shown in the attached image.
BlockBeats Note: Funding rates are the fees set by cryptocurrency trading platforms to maintain balance between the contract price and the price of the underlying asset, and they are typically used for perpetual futures. It is a funding exchange mechanism between long and short traders. The trading platform does not collect this fee; it is used to adjust traders’ holding costs or gains for their contracts, so that the contract price stays close to the price of the underlying asset.
When the funding rate is 0.01%, it indicates the benchmark funding rate. When the funding rate is greater than 0.01%, it means the market is generally bullish. When the funding rate is less than 0.005%, it means the market is generally bearish.
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