ChainCatcher reports that, according to Coinglass data, as Bitcoin slightly pulls back and maintains a range-bound movement, the funding rates on major CEX and DEX platforms indicate that the market is once again turning fully bearish.
Specific funding rates for major cryptocurrencies are shown in the attached chart. Funding rates are fees set by cryptocurrency trading platforms to keep the contract prices aligned with the underlying asset prices, typically applicable to perpetual contracts. They serve as a mechanism for transferring funds between long and short traders; the platform does not charge this fee. The funding rate adjusts the cost or profit 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 suggests a generally bullish market. When it is below 0.005%, it indicates a generally bearish market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
PsiQuantum's million-qubit facility begins construction, scientists say this scale is sufficient to crack Bitcoin encryption
Quantum computing company PsiQuantum has launched the construction of a million-qubit quantum computing facility in Chicago, with 500 tons of steel already assembled. The goal is to commercialize quantum computing and support next-generation AI supercomputers. Scientists warn that quantum computing could threaten Bitcoin's cryptographic security.
GateNews7m ago
Bitcoin Reclaims $70K As ETF Flows Stabilize and Selling Pressure Eases
Glassnode reports that Bitcoin's ETF flows are stabilizing after outflows, coinciding with a price rebound above $70,000. Healthy inflows into ETFs indicate a cautious optimism among institutions, but macro risks persist, necessitating continued monitoring of market trends.
BlockChainReporter19m ago
Senator Lummis: CFTC Chairman is well aware of the urgency of legislation on digital asset market structure
BlockBeats News, March 6 — Cynthia Lummis, the proposer of the Bitcoin Strategic Reserve Act and Chair of the Senate Banking Digital Assets Subcommittee, stated that she had a meeting with CFTC Chair Michael Selig. The two discussed the digital asset market structure, and the discussion was very pleasant. The CFTC Chair is well aware of the urgency of the moment and looks forward to continuing cooperation in the process of integrating digital assets into the 21st-century financial system.
GateNews23m ago
Bitcoin mining difficulty increases by 0.45% to 145.04 T
PANews March 6 News, according to CloverPool data, Bitcoin mining difficulty was adjusted today at 1:28 at block height 939,456, with a 0.45% increase to 145.04 T. Currently, the average hash rate over the past seven days is 1.02 ZH/s.
GateNews25m ago
Data: If BTC breaks through $74,404, the total liquidation strength of mainstream CEX short positions will reach $1.589 billion.
ChainCatcher reports that, according to Coinglass data, if BTC breaks through $74,404, the total liquidation strength of long positions on major CEXs will reach $1.589 billion. Conversely, if BTC drops below $67,879, the total liquidation strength of short positions on major CEXs will reach $907 million.
GateNews52m ago
