⭐⭐What Do Current Funding Rates in Bitcoin and Altcoins Tell Us? Here Are the Latest Data ⭐⭐

Recently in the cryptocurrency market, a trend towards balance in the funding rates of leading cryptocurrencies traded on both decentralized (DEX) and centralized (CEX) exchanges is observed.

According to Coinglass data, market sentiment is moving towards a more balanced point, moving away from extreme optimism or pessimism.

Funding rates are a mechanism used in the cryptocurrency derivatives markets to keep the price of perpetual futures contracts close to the spot (real) market price. These rates represent direct fund transfers between investors in long and short positions, and exchanges do not profit from these fees.

The basic interpretations of funding rates are as follows:

0.01: Neutral, indicates that the market is balanced

Above 0.01%: Suggests that the market generally expects a rise (bull)

Below 0.005%: Indicates that the market generally expects a decline (bear)

The convergence of funding rates indicates that buying and selling positions among investors have become more balanced.

Due to price volatility in the markets over the last 24 hours, a total of 196.96 million dollars worth of positions were liquidated. The distribution of this liquidation occurred as follows:

131.13 million dollars from long positions

65.82 million dollars from short positions

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