Current mainstream CEX and DEX funding rates indicate that the market has basically returned to neutral after being oversold.
BlockBeats News, November 18, according to Coinglass data, the current funding rates on major CEX and DEX platforms show that after the recent sharp unilateral decline in the crypto market, although a new low was reached this morning since the start of this downturn, the overall bearish sentiment among participants has significantly weakened (on November 12, almost all funding rates were negative), and the funding rates for more asset trading pairs have returned to neutral.
BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, typically applied to perpetual contracts. It is a mechanism for the exchange of funds 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.
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