🔥Mainstream CEX and DEX funding rates indicate a weakening of the bearish market sentiment

According to Coinglass data, as Bitcoin surged past $69k today, the current funding rates on major CEX and DEX platforms show a slight easing of the bearish market outlook. Funding rates are 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 exchange 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.
#btc