Mainstream exchange funding rates reveal insights: market sentiment remains cautious.

HashBard

2025-11-30 11:12:19

Abstract generation in progress

【Block Rhythm】On November 30, Coinglass's data is quite interesting—looking at the funding rates of mainstream exchanges (including centralized and decentralized), market sentiment is still bearish. The specific rates of various mainstream tokens can be referenced in the related charts.

A simple explanation: the funding rate is actually an “interest” mechanism between long and short positions in perpetual contracts. Note that this money is not collected by the platform, but is paid between traders to ensure that the contract price does not deviate too far from the spot price.

How should we interpret this data? Typically, 0.01% is considered a neutral position. A funding rate higher than 0.01% indicates that bulls have the advantage and the general sentiment is bullish; whereas a funding rate lower than 0.005% suggests that bears are stronger, indicating a more pessimistic market.

Now that this data is here, it indicates that there are more short sellers in the short term, and the market is still digesting the previous gains. Of course, the funding rate is just one of the reference indicators; specific operations must be assessed in conjunction with other signals.

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DAOdreamer

· 7h ago

The bears are still holding on, so this pullback after the recent surge is normal.

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zkProofGremlin

· 10h ago

There are so many shorts, it feels like everyone is still waiting for a bottom signal. Digesting gains again? I think it's preparing for the next wave, same old pattern. Funding rates are becoming more and more unreliable, feels like institutions have messed with them. The most dangerous time is when longs and shorts are deadlocked—be careful not to get squeezed. Wait, is this data real-time? It seemed to change again just after I checked.

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MissedTheBoat

· 11-30 11:42

Another short positions trap is coming, low fees mean there are more shorting? I see it as the market maker is whipsawing. I've seen this data long ago, a short-term bearish trend doesn't mean it won't rise later, it's always been like this at the end of November in previous years. This fee thing is just a facade, the key is to watch the Large Investors' movements, Coinglass data is severely lagging. So is it time to buy the dip or continue with short positions? It really depends on who gives up first. What's so special about low contract fees, the key is whether the Spot has broken through the support level, if not, it's just random shorting.

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FalseProfitProphet

· 11-30 11:33

There are so many short positions, it feels like we are going to hit the bottom again.

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GasFeeCry

· 11-30 11:29

Short positions are so fierce, really? Why does it feel like it’s always like this lately, easy to rise and quick to fall Funding rates need to be looked at in conjunction with other indicators; looking solely at this can easily lead to getting played for suckers Here comes another explanation about funding rates; anyway, I just look at the trends, the rest is just fluff Is the market digesting the rise? To put it simply, it still means no one dares to catch a falling knife Short positions are in power now; those who enter are either warriors or martyrs Is this data really useful? It looks like it’s just treading water to me; it’s better to see how Large Investors are moving on-chain If it’s below 0.005%, just go long, do a reverse operation once

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CoconutWaterBoy