BlockBeats News, February 27th, according to Coinglass data, as Bitcoin saw a slight pullback maintaining its range-bound volatility, the current mainstream CEX, DEX funding rates indicate a market-wide shift back to bearish. The specific funding rates for major coins are as shown in the attached image.
BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to keep the contract price balanced with the underlying asset price, usually 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 baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.
