BlockBeats News, October 10th, according to Coinglass data, after nearly 2 days of decline in the crypto market, the current mainstream CEX and DEX funding rates show that the market is still in a neutral position, but has leaned towards bearish, especially for BTC, ETH, and SOL, as shown in the specific funding rates in the chart below.
BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price, usually applied to perpetual contracts. It is a mechanism for fund exchange between long and short traders, and the trading platform does not collect 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 sentiment. When the Funding Rate is less than 0.005%, it indicates a generally bearish market sentiment.
