Market Sentiment Remains Mixed as Funding Rates Vary!
Crypto market outlook shows mixed sentiment with both neutral and bearish signs, according to funding rate data.
According to BlockBeats and data from Coinglass, funding rates across major centralized and decentralized exchanges (CEX and DEX) reflect a mixed market sentiment.
The specific funding rates for top cryptocurrencies suggest both neutral and bearish perspectives in the market.
Funding rates are used in cryptocurrency trading platforms to maintain alignment between contract prices and the underlying asset prices, typically for perpetual contracts. These rates allow long and short traders to exchange funds without the platform collecting fees, adjusting the cost or profit of holding contracts.
Funding Rate Insights:
0.01%: Baseline rate indicating a neutral sentiment.
Above 0.01%: Indicates bullish market sentiment.
Below 0.005%: Suggests bearish sentiment.
Current Market View:
The market is showing mixed signals, with varying funding rates suggesting both bullish and bearish outlooks across exchanges. Traders should remain cautious and consider both sides of the market.