ChainCatcher reports that, according to Coinglass data, Bitcoin remains in a range-bound oscillation. Currently, mainstream CEX and DEX funding rates indicate a renewed overall bearish market, with specific funding rates shown in the attached chart.
Note: 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 trading platform does not charge this fee. The funding rate adjusts the cost or yield for traders holding contracts to keep the contract price close to the underlying asset price. A funding rate of 0.01% indicates the baseline rate. When the funding rate exceeds 0.01%, it signifies a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.
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