After Bitcoin weakened, mainstream CEX、DEX funding rates show increased bearishness
BIBIBI
AT A GLANCE
BlockBeats cited Coinglass data as saying that Bitcoin weakened again and mainstream CEX、DEX funding rates showed a significant increase in bearish sentiment.
Article
Current mainstream CEX、DEX Funding rates show a significant increase in bearish sentiment
BlockBeats reported that,September 28, according to Coinglass data, as Bitcoin weakened again, current mainstream CEX、DEX funding rates show a significant increase in bearish sentiment, with the specific funding rates shown in the accompanying image.
BlockBeats note: Funding rates are rates set by cryptocurrency trading platforms to maintain a balance between the contract price and the price of the underlying asset, typically applying to perpetual contracts. They are a mechanism for the exchange of funds between long and short traders. Trading platforms do not collect this fee; it is used to adjust the cost or return of holding contracts so that the contract price remains close to the price of the underlying asset.
When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it indicates that the market is broadly bullish. When the funding rate is lower than 0.005%, it indicates that the market is broadly bearish.
Original link https://m.theblockbeats.info/flash/369244
Key points
01
September 28, BlockBeats published a related report citing Coinglass data.
02
The original article stated that as Bitcoin weakened again, the funding rates of mainstream CEX、DEX showed a significant increase in bearish sentiment.
03
The original article explained that funding rates typically apply to perpetual contracts and are a mechanism for the exchange of funds between long and short traders. Trading platforms do not collect this fee.
04
The original article stated that when the funding rate is 0.01%it represents the baseline rate; a rate greater than 0.01%indicates that the market is broadly bullish, while a rate lower than 0.005%indicates that the market is broadly bearish.
05
The specific funding rates were only said to be shown in the accompanying image; no values were provided in the main text.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Funding rates can be used to observe the long-short bias of perpetual contract traders. According to the criteria provided in the original article, lower funding rates indicate a bearish market bias; this report states that bearish sentiment is strengthening on mainstream CEXs and DEXs.
Why it matters to readers
This indicator reflects the current long-short bias in the contract market and can be used to observe market sentiment. However, the original article did not specify the platforms, coins, or corresponding funding rates, so the actual degree across markets cannot be confirmed based on this information alone.
Beginners can think of funding rates as periodic exchanges of funds between the long and short sides of perpetual contracts. They can help indicate market sentiment, but this report does not provide specific funding rate data in the main text.
Risks and unknowns
The main text does not provide the specific platforms, coins, or funding rate values shown in the accompanying image.
The main text alone cannot verify which funding rates are below 0.005%。
The original article does not explain the data coverage or statistical methodology.
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Related concepts
Funding rate
A fee paid periodically between long and short positions to help keep the price of a perpetual contract close to the price of the underlying asset.
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.
