Mars Finance reports that, according to Coinglass data, Bitcoin has rebounded strongly, surpassing $71,000. Currently, the funding rates for major CEX and DEX platforms have turned positive, approaching neutrality, with bearish sentiment significantly easing. Specific funding rates for mainstream cryptocurrencies are shown in the attached chart. Note: Funding rates are set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, typically applicable to perpetual contracts. They are a mechanism for exchanging funds between long and short traders; the trading platform does not charge this fee. It is used to adjust the cost or profit for traders holding contracts, keeping contract prices close to the underlying asset prices. When the funding rate is 0.01%, it indicates the baseline rate. When the funding rate exceeds 0.01%, it suggests a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.
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After a strong market rebound, the funding rates of mainstream CEX and DEX indicate a significant easing of bearish sentiment
Mars Finance reports that, according to Coinglass data, Bitcoin has rebounded strongly, surpassing $71,000. Currently, the funding rates for major CEX and DEX platforms have turned positive, approaching neutrality, with bearish sentiment significantly easing. Specific funding rates for mainstream cryptocurrencies are shown in the attached chart. Note: Funding rates are set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, typically applicable to perpetual contracts. They are a mechanism for exchanging funds between long and short traders; the trading platform does not charge this fee. It is used to adjust the cost or profit for traders holding contracts, keeping contract prices close to the underlying asset prices. When the funding rate is 0.01%, it indicates the baseline rate. When the funding rate exceeds 0.01%, it suggests a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.