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🔥Mainstream CEX and DEX funding rates indicate the market has slightly returned to neutrality
On April 15, according to Coinglass data, as Bitcoin strongly broke through $76k, the current mainstream CEX and DEX funding rates show the market has slightly returned to neutrality. Funding rates are the fees set by cryptocurrency trading platforms to keep contract prices aligned with the underlying asset prices, applicable to perpetual contracts, serving as a mechanism for funding exchanges between long and short traders. When the funding rate is 0.01%, it indicates the baseline rate; greater than 0.01% signifies a generally bullish market; less than 0.005% indicates a generally bearish market.
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