ChainCatcher reports that, according to Coinglass data, after the crypto market experienced a further decline today, funding rate data shows that the current market remains overwhelmingly bearish, with bearish sentiment towards BTC and ETH even stronger than towards altcoins. Currently, the funding rates for BTC and ETH contracts are negative on almost all platforms, while most altcoin rates remain bullish, though the majority are positive. Specific funding rates are shown in the attached chart.
Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, typically applicable to perpetual contracts. They are a mechanism for transferring funds between long and short traders; the platform does not charge this fee. It is used to adjust the cost or profit for traders holding contracts, keeping contract prices close to the underlying asset prices. When the funding rate is 0.01%, it indicates the baseline rate. A funding rate above 0.01% suggests a generally bullish market. Conversely, a funding rate below 0.005% indicates a generally bearish market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Over the past 24 hours, the entire network has liquidated $311 million, with long positions accounting for 64% of liquidations.
On March 20, Gate News reported that across the entire network over the past 24 hours, liquidations reached $311 million, with long positions liquidated for $200 million and short positions liquidated for $111 million. Both long and short positions in Bitcoin and Ethereum experienced varying degrees of liquidation, with 103,431 people globally liquidated. The largest single liquidation occurred on the XYZ:GOLD-USD trading pair, valued at $3.675 million.
GateNews11m ago
BTC Breaks Through $72,000, Mainstream CEX Cumulative Short Liquidation Intensity to Reach $590 Million
According to Coinglass data, if Bitcoin breaks through $72,000, short liquidations on mainstream CEX will reach $590 million; if it falls below $70,000, long liquidations will reach $275 million. The liquidation chart reflects the intensity of market impact, not the precise number of liquidation contracts.
GateNews33m ago
BTC breaks through $71,000, 24-hour gain of 1.23%
Gate News, on March 20, according to Gate market data, BTC/USDT is now trading at $71006.6, with a 24-hour increase of 1.23%.
GateNews46m ago
BTC Breaks Through 71,000 USDT
Gate News bot message: Gate market data shows BTC has broken through 71,000 USDT, with the current price at 71,006.6 USDT.
CryptoRadar49m ago
