Current mainstream CEX, DEX funding rate display shows that the market is still in a strong bearish sentiment.
BlockBeats News, November 29th, according to Coinglass data, the recent cryptocurrency market has experienced a comprehensive rebound. Bitcoin surged above $93,000 last night, but currently, mainstream CEX and DEX funding rates indicate a bearish sentiment in the market. The funding rates for specific mainstream coins are shown in the attached image.
BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a mechanism for fund exchange between long and short traders, and the exchange does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.
When the Funding Rate is 0.01%, it represents the base rate. When the Funding Rate is greater than 0.01%, it indicates a generally bullish market. When the Funding Rate is less than 0.005%, it indicates a generally bearish market.
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