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๐ฅMainstream CEX and DEX funding rates indicate a deepening bearish market trend
On April 10th, according to Coinglass data, as Bitcoin once again surpasses $72k today, the current funding rates on mainstream CEX and DEX platforms show a deepening bearish market sentiment. Funding rates are the 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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