major CEX、DEX Funding rates indicate that the market remains bearish
BIBIBI
AT A GLANCE
BlockBeats, citing Coinglass data, reported that major CEX、DEX funding rates indicate that the market remains bearish.
Article
major CEX、DEX Funding rates indicate that the market remains bearish
BlockBeats news,October 11, according to Coinglass data, as Bitcoin continues to fluctuate, current major CEX、DEX funding rates indicate that the market remains bearish. Specific funding rates are shown in the attached image.
BlockBeats note: Funding rates are rates set by cryptocurrency trading platforms to maintain a balance between contract prices and the prices of underlying assets, and generally apply to perpetual contracts. They are a mechanism for the exchange of funds between long and short traders. Trading platforms do not charge this fee; it is used to adjust the costs or returns of traders holding contracts, so that contract prices remain close to the prices of underlying assets.
When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.
Original link https://m.theblockbeats.info/flash/371213
Key points
01
October 11, BlockBeats, citing Coinglass data, reported that as Bitcoin continues to fluctuate, current major CEX、DEX funding rates indicate that the market remains bearish.
02
The original article states that funding rates generally apply to perpetual contracts and are a mechanism for the exchange of funds between long and short traders. Trading platforms do not charge this fee.
03
The original article states that when the funding rate is 0.01%it indicates the benchmark rate; when it is greater than 0.01%it indicates that the market is generally bullish; when it is less than 0.005%it indicates that the market is generally bearish.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Funding rates can be understood as fees periodically exchanged between the long and short sides of perpetual contracts, helping contract prices track the prices of underlying assets. According to the criteria provided in the original article, a lower funding rate means that market traders as a whole are more bearish.
Why it matters to readers
Funding rates reflect the long-short bias in the perpetual contract market; the reported bearish state indicates weak sentiment in the relevant market.
Beginners can treat funding rates as an indicator for observing sentiment in the contract market, but this article does not show the specific platforms and rates in the attached image, so it cannot be used to determine the detailed conditions of any individual platform or token.
Risks and unknowns
The evidence does not include the referenced image, so the specific funding rate values cannot be verified.
The original article does not list which CEX、DEX or the specific tokens involved.
The Coinglass data and its coverage cannot be independently verified based solely on the available text.
The original article does not state whether the bearish trend indicated by the funding rates will continue.
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Related concepts
funding rate
This term is not in the glossary yet. Browse related concepts in the glossary.
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
