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It seems that the market is starting to calm down. Looking at the funding fee rates on CEX and DEX, they have returned to a neutral level. When Bitcoin climbed to touch $77,800 today, the negative market sentiment appears to have diminished quite a bit.
According to Coinglass data, the funding fees on major CEXs have mostly reverted to normal levels. This means buyers and sellers are no longer pushing each other as aggressively. When the fee rate is above 0.01%, it usually indicates a buying bias, but now it has returned to a broad neutral.
I wonder how long these CEXs will maintain this level, because it reflects that the market is truly breathing normally again, not just experiencing wild swings as it used to.