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The current mainstream CEX and DEX funding rate indicates that the market is overwhelmingly bullish.
BlockBeats News, July 18th, according to Coinglass data, the current mainstream CEX and DEX funding rates indicate that the market is generally bullish, with BTC and ETH mostly having a neutral rate, while altcoins are predominantly bullish. The specific funding rates for mainstream coins are shown in the attached image.
BlockBeats Note: Funding Rate is a rate set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a mechanism for fund exchange 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 indicates the baseline rate. When the funding rate is greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it represents a generally bearish market.
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