On December 5, according to Coinglass data, the funding rates on major CEXs and DEXs indicate that the market remains bearish. The specific funding rates for major cryptocurrencies are shown in the attached image. Note from BitWorld: Funding rates are fees set by cryptocurrency trading platforms to maintain balance between the contract price and the underlying asset price, typically applied to perpetual contracts. It is a mechanism for fund exchange between long and short traders; the trading platform does not collect this fee. It is used to adjust the cost or yield of holding a contract to keep the contract price close to the price of the underlying asset. When the funding rate is 0.01%, it is considered the benchmark 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.
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On December 5, according to Coinglass data, the funding rates on major CEXs and DEXs indicate that the market remains bearish. The specific funding rates for major cryptocurrencies are shown in the attached image. Note from BitWorld: Funding rates are fees set by cryptocurrency trading platforms to maintain balance between the contract price and the underlying asset price, typically applied to perpetual contracts. It is a mechanism for fund exchange between long and short traders; the trading platform does not collect this fee. It is used to adjust the cost or yield of holding a contract to keep the contract price close to the price of the underlying asset. When the funding rate is 0.01%, it is considered the benchmark 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.