The current mainstream CEX and DEX funding rates show that the market is not obviously bullish
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According to Coinglass data, Bitcoin rose to $69,000 in the early hours of today, October 19th. However, the current mainstream CEX and DEX funding rates indicate that the market is not showing a clear bullish trend. Taking BTC as an example, the current funding rates for the BTC USDT or USD contract trading pairs on major platforms are as follows:
· Binance: 0.01%
· OKX: 0.0091%
· dYdX: 0.0501%
· Bybit: 0.01%
· Vertex: 0.001%
· Bitget: 0.011%
Note: When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.
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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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