IntoTheBlock: Perpetual swap contract funding rate rises above 10%, bullish sentiment is high

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Wu Blockchain
13 hours ago
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IntoTheBlock data shows that the funding rate for perpetual swap contracts has soared to over 10%, reaching as high as 20% on mainstream exchanges. Such high costs indicate that traders' bullish sentiment is increasingly high. Although still lower than the peak in the first quarter, the sustained demand at this level may suggest overheating speculation.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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