Current Mainstream CEX and DEX Funding Rates Show Market Remains Predominantly Bearish
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September 17, 2024
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Mars Finance News: Funding Rates Signal Widespread Bearish Sentiment
September 17: Coinglass data reveals that funding rates across major centralized and decentralized exchanges (CEXs and DEXs) currently indicate a prevalent bearish market sentiment.
For instance, Bitcoin (BTC) funding rates on leading platforms for BTC USDT or USD contracts show the following:
- Binance: -0.0011%
- OKX: 0.0001%
- dYdX: 0.0108%
- bybit: 0.0025%
- Vertex: 0.001%
- Bitget: -0.0022%
Note:
- A funding rate of 0.01% is considered neutral (black).
- A funding rate greater than 0.01% signifies a bullish market sentiment (red).
- A funding rate below 0.005% indicates a bearish market sentiment (green).
- The intensity of bearish or bullish sentiment is represented by the depth of the color.
Source
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