Mainstream CEX and DEX Funding Rates Indicate Bearish Market Sentiment
On August 5, the funding rates of mainstream CEX and DEX platforms indicate that the market remains bearish, as shown in the attached image. The funding rate is a fee set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, applicable to perpetual contracts. A funding rate of 0.01% is the baseline rate; rates exceeding 0.01% indicate a bullish market, while rates below 0.005% suggest a bearish market.
-- Price
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