Glassnode: The 7-day moving average funding rate across major perpetual contract markets has slightly improved.

Foresight News reports that Glassnode’s tweet indicates that the 7-day moving average funding rate across major perpetual contract markets has slightly improved. The average funding rate rebounded from approximately 0% to around 0.005%, then fell back to about 0.003% over the past 24 hours. Historically, sustained market rallies are often accompanied by funding rates remaining above 0.01%, suggesting that while the current market environment still has support, a definitive bullish trend has not yet formed.