ChainCatcher reports that, according to Coinglass data, after the crypto market experienced a further decline today, funding rate data shows that the current market remains overwhelmingly bearish, with bearish sentiment towards BTC and ETH even stronger than towards altcoins. Currently, the funding rates for BTC and ETH contracts are negative on almost all platforms, while most altcoin rates remain bullish, though the majority are positive. Specific funding rates are 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 are a mechanism for transferring funds between long and short traders; the platform does not charge this fee. It is used to adjust the cost or profit for traders holding contracts, keeping contract prices 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.
Related Articles
Over the past 1 hour, the entire network liquidated $183 million, with long positions accounting for over 95% of liquidations.
Gate News: On March 22nd, according to Coinglass data, the entire network experienced @1.83@ hundred million USD in contract liquidations over the past hour, with long positions liquidated at @1.74@ hundred million USD and short positions liquidated at @8.88@ million USD. By cryptocurrency type, Bitcoin contract trading liquidations reached @83.28@ million USD, and Ethereum contract trading liquidations reached @60.34@ million USD.
GateNews58m ago
BTC breaks below 70000 USDT, 24-hour decline 0.72%
Gate News reports that on March 22, market data from a certain CEX shows that BTC dropped below 70,000 USDT, currently trading at 69,995.3 USDT, with a 24-hour decline of 0.72%.
GateNews1h ago
Across the network, million in liquidations occurred in the past 1 hour, with BTC liquidations reaching @E1@ million.
Gate News, on March 22, Coinglass data shows that the total liquidation amount across the network in the past 1 hour reached $116 million, of which long positions liquidated $109 million and short positions liquidated $6.69 million. By coin type, BTC liquidations reached $44.75 million and ETH liquidations reached $42.02 million.
GateNews1h ago
Bitcoin Falls Nearly 2% in 15 Minutes, Consecutively Breaks Below $70,000 and $69,000 Levels
Gate News report: On March 21, according to market data, Bitcoin declined 1.91% in the past 15 minutes on March 22, breaking through two key levels at $70,000 and $69,000, now trading at $68,894.
GateNews1h ago
BTC drops below 69,000 USDT
Gate News bot message: Gate market data shows BTC breaking below 69000 USDT, current price 68970.8 USDT.
CryptoRadar1h ago
