Foresight News reported that glassnode tweeted that the 7-day moving average funding rate across major perpetual contract markets has slightly improved. The average funding rate rebounded from around 0% to approximately 0.005%, then fell back to about 0.003% over the past 24 hours. Historically, sustained market rallies are often accompanied by funding rates consistently remaining above 0.01%, indicating that while the current market environment is still supportive, it has not yet formed a decisive bullish trend.
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