BlockBeats News, January 6 — According to Coinglass data, after a recent rebound, the mainstream CEX and DEX funding rates indicate that the market is once again turning bearish (including Bitcoin and altcoins). The specific funding rates for major cryptocurrencies are shown in the attached chart.
BlockBeats Note: Funding rates are rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, typically applicable to perpetual contracts. It is a mechanism for transferring funds 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, ensuring the contract price stays close to the underlying asset price.
When the funding rate is 0.01%, it indicates the baseline rate. When the funding rate exceeds 0.01%, it suggests a generally bullish market. When the funding rate 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
While Bitcoin Hits $70K, RIVER, DEXE, and QNT Move In Opposite Directions - BTC Hunts
The post While Bitcoin Hits $70K, RIVER, DEXE, and QNT Move In Opposite Directions appeared first on Coinpedia Fintech News
The cryptocurrency market is red today, Bitcoin lost its strong support at $710000 USD. Some altcoins, such as RIVER, Dexe, Quant, and JUST, are moving in opposite
BTCHUNTS2m ago
Can Bitcoin Really Do DeFi? A New Protocol Aims to Find Out
In brief
A new protocol called OP_NET has launched on the Bitcoin network, aiming to enable DeFi-style applications on the base layer.
The system processes contract calls through standard Bitcoin transactions rather than sidechains or wrapped BTC.
Founders say the design avoids Ordinals-r
Decrypt2m ago
Los Angeles Rideshare Driver Arrested for Allegedly Fraudulently Obtaining $2 Million COVID Loan to Purchase Cryptocurrency
Los Angeles rideshare driver Bruce Choi has been arrested on suspicion of defrauding $2 million in pandemic relief loans and using the funds to purchase cryptocurrency. Choi fabricated companies to apply for loans, and prosecutors have charged him with wire fraud and money laundering. If convicted, he faces serious penalties.
GateNews12m ago
Polymarket Data: The probability of BTC reaching $80,000 this month has decreased to 17%, while the chance of dropping below $65,000 has increased to 46%
Gate News reports that on March 19, prediction market platform Polymarket data shows that as Bitcoin's price fell back to $70,000, the probability of it reaching $80,000 in March has dropped significantly from 42% the previous day to 17%. Meanwhile, the probability of Bitcoin falling to $65,000 in March rose to 46%, and the probability of falling to $60,000 rose to 18%. These data changes reflect a shift in market sentiment, with traders adjusting their expectations for Bitcoin's performance this month.
GateNews29m ago
Quantum-Ready Bitcoin Prototype Debuts, but Adoption Hurdles Loom
In brief
BTQ Technologies released the first working implementation of BIP 360 on the Bitcoin Quantum testnet.
The upgrade introduces quantum-resistant transaction structures and post-quantum signatures.
BTQ says Bitcoin’s biggest barrier to quantum readiness is social consensus around an
Decrypt31m ago
