#MarketPullback #CryptoPatience

A negative trend (Bearish Sentiment) is currently being observed in the cryptocurrency market, as indicated by Coinglass data reported by BlockBeats.

Key Points:

Funding rates are the system through which the prices of futures contracts are kept close to the prices of the underlying assets (e.g., Bitcoin, Ethereum).

These rates indicate what the market trend is like:

If it is more than 0.01%, the market is positive (Bullish)

If it is less than 0.005%, the market is negative (Bearish)

Currently, most coins have funding rates below 0.005%, which indicates that a decline in the market is expected.

This situation suggests that investors are concerned about further declines in prices.