The current mainstream CEX and DEX funding rate display shows that the market continues to remain predominantly bearish.
BlockBeats News, December 18th, according to Coinglass data, the current mainstream CEX, DEX funding rate shows that the market is still overall bearish. The specific funding rates for mainstream coins are shown in the attached image.
BlockBeats Note: Funding rate is a fee set by cryptocurrency exchanges to maintain balance between the contract price and the underlying asset price, typically applicable to perpetual contracts. It is a fund exchange mechanism between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.
When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates the market is generally bullish. When the funding rate is less than 0.005%, it indicates 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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