The funding rates of mainstream exchanges continue to be negative, and market sentiment leans towards bearish.

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[Block Rhythm] According to data from the platform, the funding rates of major CEX and DEX show that the market is maintaining a sideways trend this weekend, still leaning towards bearish. The futures trading pairs of major assets on various trading platforms are almost all at negative rates, and the specific funding rates are shown in the figure below.

The funding rate is a rate set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts, so that the contract price remains close to the underlying asset price.

When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.

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CryptoMomvip
· 17h ago
Sideways is really frustrating, Cut Loss and Rug Pull.
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ChainWatchervip
· 17h ago
When can we start, damn it?
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JustAnotherWalletvip
· 18h ago
It's another rhythm of being played for suckers.
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