Current mainstream CEX and DEX funding rates show that the market is fully back to neutrality
Comparative news, according to Coinglass data, as Bitcoin continues to be strong after rising sharply this week, current mainstream CEX and DEX funding rates show that the market has fully returned to neutrality. The specific funding rates are shown in the attached chart. Note: The funding rate is a rate set by a cryptocurrency trading platform to maintain a balance between the contract price and the price of the underlying asset. It is usually applied to perpetual contracts. It is a fund exchange mechanism between long and short traders. The trading platform does not charge this fee. It is used to adjust the cost or benefit of the trader holding the contract to keep the contract price close to the price of the underlying asset. When the funding rate is 0.01%, it indicates the base rate. When the funding rate is greater than 0.01%, it means that the market is generally bullish. When the funding rate is less than 0.005%, it means the market is generally bearish. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

