BlockBeats News, April 6 — According to Coinglass data, as Bitcoin surged past $69k today, the current mainstream CEX and DEX funding rates indicate that the market’s bearish sentiment has weakened. Specific funding rates are shown in the attached chart.

BlockBeats Note: 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. It is a mechanism for transferring 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, helping to keep 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. #Gate广场四月发帖挑战 $BTC