《What bearish secrets are hidden in the funding rates after the cryptocurrency market's decline at dawn?》

According to Coinglass data, the current funding rate situation of mainstream centralized exchanges (CEX) and decentralized exchanges (DEX) shows that after the cryptocurrency market's decline this morning, there is a stronger pessimistic sentiment towards altcoins, and Bitcoin's funding rate has also dropped from a neutral state into a bearish range. You can refer to the chart below for specific data.

Here, BlockBeasts would like to explain that the funding rate is a mechanism created by cryptocurrency trading platforms, mainly to ensure that the price of perpetual contracts aligns closely with the corresponding actual asset price, acting as a balancing factor. This rate is a mechanism for long and short traders to exchange funds with each other, and the trading platform itself does not collect fees from it. Its function is to adjust the cost or yield of the contracts held by traders, so that the contract price is closer to the actual asset price.

If the funding rate is 0.01%, that’s the benchmark. If it’s higher than 0.01%, it indicates that most people in the market are bullish; if it’s lower than 0.005%, it indicates that everyone generally feels bearish. If you are still confused about how to operate? Click on the avatar to follow me, as this round of the market will explode with more 100x coins. Guessing is not as good as grasping it in the chat room! #加密市场观察