major CEX、DEX Funding rates show that market sentiment has turned bearish again
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major CEX、DEX funding rates show that market sentiment has turned bearish again.
Article
major CEX、DEX Funding rates show that market sentiment has turned bearish again
BlockBeats reports,October 8, according to Coinglass data, as Bitcoin continued to decline and fell below 81000 USD, while Ethereum fell below 2500 USD major CEX、DEX funding rates show that market sentiment has turned bearish again. The specific funding rates are shown in the accompanying image.
BlockBeats note: Funding rates are rates set by cryptocurrency trading platforms to maintain balance between contract prices and the prices of underlying assets, and typically 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 the underlying assets.
When the funding rate is 0.01% 0.01% 0.005%https://m.theblockbeats.info/flash/370867
Key points
01
BlockBeats said that as Bitcoin continued to decline and fell below 81000 USD, and Ethereum fell below 2500 USD, funding rates for major CEX、DEX show that market sentiment has turned bearish again.
02
Funding rates typically apply to perpetual contracts and are a mechanism for the exchange of funds between long and short traders.
03
The article states that a funding rate above 0.01%indicates broadly bullish market sentiment, while a rate below 0.005%indicates broadly bearish market sentiment.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Funding rates are fees exchanged between perpetual contract traders to bring contract prices closer to the prices of underlying assets. Under the standard stated in the article, a relatively low rate generally indicates bearish market sentiment.
Why it matters to readers
This indicates that the contract market sentiment for the major CEX and DEX mentioned in the article has weakened. Investors may monitor Bitcoin and Ethereum price performance and subsequent changes in funding rates.
Beginners can first understand funding rates as an indicator of long and short sentiment in the perpetual contract market, but price movements cannot be determined solely from this indicator.
Risks and unknowns
The article does not list specific funding rate values for each platform.
The accompanying image mentioned in the article was not provided, so the specific platforms and funding rates cannot be verified.
“Market sentiment has turned bearish again” is the source’s generalized assessment of the funding rates.
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Related concepts
Funding rates
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.
