Current mainstream CEX and DEX funding rates indicate that the market has turned fully bearish
BlockBeats News, October 18, according to Coinglass data, the current funding rates on major CEX and DEX platforms show that after a further decline over the past two days, the market has turned fully bearish. The contract trading pairs of mainstream assets on major trading platforms are almost all at negative funding rates, as shown in the chart below.
BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, usually applied to perpetual contracts. It is a funding exchange mechanism between long and short traders. The trading platform does not charge this fee; it is used to adjust the cost or profit of holding contracts for traders, so that contract prices remain close to the prices of the underlying assets.
When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
IMF: Global debt will exceed GDP in 2029
The latest forecast from the IMF shows that global public debt will exceed 100% of GDP by 2029, two years earlier than previously expected. The IMF Managing Director issued a rare warning, specifically naming the United States’ debt path as “unsustainable” and pointing out that fiscal consolidation in various countries is seriously lagging. What's even more dangerous is that persistent inflation may force the Federal Reserve to continue raising interest rates, increasing financing costs and creating a vicious cycle of "high debt—high interest rates—even higher debt."
Report: Samsung’s HBM4/HBM4E production may double next year, with product share rising from 40% to 80%
Samsung is betting on AI storage chip upgrades: next year, the production of the HBM4 series may at least double, with overall HBM monthly wafer input increasing by nearly 40%. The share of high-end product shipments will jump from 40% to 80%. Glass substrate demand will increase fivefold in two years, reflecting accelerated capacity expansion of advanced stacking technology, with supply chain orders simultaneously benefiting.
Euro: Holds below 1.15 against US Dollar as yields rise - Danske Bank
Crypto prices
More
