Signs of a Bear Market in Crypto, Funding Rates Drop: Coinglass Data
According to a report by BlockBeats, the latest data from Coinglass shows a significant decrease in funding rates across major centralized and decentralized exchanges, reflecting a bearish trend in the market.
What are funding rates?
Funding rates are the fees that traders holding long and short positions in perpetual futures contracts pay to each other. This fee is not retained by the exchange but aims to maintain a balance between the contract price and the actual asset (spot price) prices.
