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🔥Mainstream CEX and DEX funding rates indicate a weakening of the bearish market sentiment
On April 8th, according to Coinglass data, as Bitcoin rose above $74k, the current funding rates on major CEX and DEX platforms show a significant reduction in bearish market sentiment, with a large number returning to neutral rates. Funding rates are the fees set by cryptocurrency trading platforms to keep perpetual contract prices aligned with the underlying asset prices, used for fund exchanges between long and short traders. When the funding rate exceeds 0.01%, it indicates a bullish market; when it is below 0.005%, it indicates a bearish market.
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