Current mainstream CEX and DEX funding rates show the market remains bearish
BlockBeats News, on January 28, according to Coinglass data, Bitcoin has risen above $89,000, currently reported at $89,141. Currently, the funding rates of mainstream CEX and DEX show that market bearish sentiment has eased compared to yesterday, but it still belongs to a bearish trend. The specific funding rates for mainstream cryptocurrencies are shown in the attached chart. BlockBeats Note: Funding rates are the rates set by cryptocurrency trading platforms to maintain a balance between contract prices and the prices of the underlying assets, usually applicable to perpetual contracts. It is a funding exchange mechanism between long and short traders, and trading platforms do not charge this fee, which is used to adjust the cost or profit of the contracts held by traders, keeping the contract price close to the underlying asset price.
Ethereum has risen by 20.6% so far in August and is expected to record the fourth positive return in August in history.
BlockBeats news, on August 28, according to HTX market information, Ethereum has risen by 20.6% so far in August. As long as it does not give back this increase in the next 3 trading days, it will record the fourth positive return in August in history. Historically, Ethereum has only recorded increases in August in 2017, 2020, and 2021. In addition, Bitcoin has dropped by 4.58% so far in August, which may be the fourth consecutive year of decline in August.