The current mainstream CEX and DEX funding rates indicate that the market has once again shifted to a bearish outlook.
Bitcoin has recently remained in a range-bound fluctuation, briefly breaking above $70,000. Market funding rates indicate a general shift to bearish sentiment, with a funding rate of 0.01% representing the baseline rate; rates above this suggest bullishness, while rates below 0.005% indicate bearishness.
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Short breather, going down again ⬇️