International oil prices rebounded during the day, while funding rates on Hyperliquid indicate an overall bearish sentiment.

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According to BlockBeats, on March 11th, Hyperinsight monitoring showed that international oil prices rebounded, with WTI crude oil rising by over 6% to $88.6 per barrel; Brent crude oil rose by over 5% to $92.44 per barrel. Contract prices on Hyperliquid also rose in tandem, with CL currently at $88.2 and BRENTOIL at $89.7.

Despite a slight price recovery, platform funding rates remain negative, indicating that overall market sentiment remains bearish. It's worth noting that among the Perp DEX platforms currently offering CL contracts, Pacifica has positive rates, with a difference of only 0.0035% compared to Hyperliquid.

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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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