The current mainstream CEX and DEX funding rate displays that market bearish sentiment has significantly weakened.

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BlockBeats News, May 4, according to Coinglass data, as Bitcoin strongly breaks through the $80,000 level, the current mainstream CEX and DEX funding rates show that market short-selling sentiment has significantly weakened. The specific funding rates are shown in the chart below.

BlockBeats Note: The funding rate is a fee set by cryptocurrency trading platforms to maintain balance between the contract price and the price of the underlying asset, usually used for perpetual contracts. It is a fund exchange mechanism between long and short traders; the trading platform does not charge this fee. It is used to adjust the cost or profit for traders holding contracts, so that the contract price stays close to the underlying asset price.

When the funding rate is 0.01%, it indicates the base funding rate. When the funding rate is greater than 0.01%, it indicates the market is generally bullish. When the funding rate is less than 0.005%, it indicates the market is generally bearish.

BTC0.18%
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