ChainCatcher reports that, according to Coinglass data, Bitcoin’s downward trend continues, briefly touching the $60,000 psychological level. Currently, mainstream CEX and DEX funding rates indicate that the market has once again shifted to a bearish outlook, with specific funding rates shown in the attached chart.
Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, typically applicable to perpetual contracts. They serve as a mechanism for fund exchange between long and short traders; the trading platform does not charge this fee. The purpose is to adjust the cost or profit for traders holding contracts, ensuring that contract prices stay close to the underlying asset prices. When the funding rate is 0.01%, it indicates the baseline rate. A funding rate above 0.01% suggests a generally bullish market. Conversely, a funding rate below 0.005% indicates a generally bearish market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
