# 加密行情独家解读

#Gate Market Viewpoint
In May, I summarized a niche logic: when funding rates are persistently negative, the market tends to move into a slow bull phase.
Although it appears that bearish sentiment is strong and everyone is cautious, in reality, the main players are gradually rotating and accumulating, washing out all the restless and speculative capital. The biggest characteristic of the current market: no violent surges, no deep corrections, steadily rising like boiling water. This kind of market is most suitable for spot holders to relax and hold, with fewer frequent trades in futures; main