Coinglass: Market Remains Pessimistic Despite Signs of Recovery
Data from Coinglass, released by BlockBeats, shows that although the crypto market has experienced a slight recovery, the overall mood among traders remains negative. Funding rates — used to keep the price of perpetual contracts aligned with the real value of assets — remain in negative territory for most pairs, both in CEXs and DEXs.
Typically, a funding rate around 0.01% represents equilibrium. Values above that indicate optimism, while rates below 0.005% reveal a more bearish market sentiment. Currently, the data points precisely to this pessimistic pressure.
