$BTC BTC filled the lower FVG without touching the 88K FVG. At this point, the 88K FVG looks invalid to me. As long as price holds above current support, an uptrend is expected. This is my personal view — trade with proper risk management.#MarketSentimentToday
A big rally may start once the FVG fills. If the FVG is filled, the market could return to around $89K and then make a strong move.#MarketSentimentToday
A funding rate of 0.01% is generally considered the baseline rate. When the funding rate rises above 0.01%, it typically indicates a bullish market sentiment. On the other hand, when the funding rate drops below 0.005%, it signals a predominantly bearish market outlook. #BTC走势分析 So $BTC Bearish now.
According to BlockBeats, data from Coinglass reveals that the funding rates on major centralized and decentralized exchanges (CEX and DEX) continue to reflect a bearish market sentiment. The funding rates for key cryptocurrencies are detailed in the accompanying chart.Funding rates are a mechanism used by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of the underlying assets, typically applied to perpetual contracts. This mechanism involves the exchange of funds between long and short traders, with the trading platform not collecting this fee. It serves to adjust the cost or profit of holding contracts, ensuring that contract prices remain close to the underlying asset prices.A funding rate of 0.01% is considered the baseline rate. When the funding rate exceeds 0.01%, it indicates a generally bullish market sentiment. Conversely, when the funding rate falls below 0.005%, it suggests a predominantly bearish market outlook.