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Current mainstream CEX and DEX funding rate displays market leaning bearish again

59 minutes ago

On December 10th, data from Coinglass shows Bitcoin staged a swift recovery overnight and this morning, briefly topping $94,600. However, current funding rates across major centralized (CEX) and decentralized (DEX) exchanges indicate the market has shifted from neutral (as of December 8th) to a slight bearish sentiment—with specific rates for top coins detailed below. **BlockBeats Note**: Funding rates are fees set by crypto exchanges to keep contract prices aligned with the underlying asset’s price, typically applied to perpetual contracts. They facilitate fund transfers between long and short traders; exchanges do not collect this fee. Instead, the rate adjusts the cost or profit of holding a contract to ensure it tracks the underlying asset’s price closely. A 0.01% funding rate is the baseline: rates above 0.01% signal broadly bullish sentiment, while rates below 0.005% indicate generally bearish market mood.
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If Bitcoin drops below $91,000, the mainstream CEX long liquidation pressure will reach $972 million.

December 10: Per Coinglass data, if Bitcoin falls below $91k, cumulative long liquidation intensity across major centralized exchanges (CEXs) will reach $972 million. Conversely, a breakout above $94k would trigger $612 million in cumulative short liquidation intensity for these platforms. BlockBeats Note: Liquidation charts do not display the exact number or value of contracts being liquidated. Instead, the bars reflect the relative importance of each liquidation cluster versus adjacent clusters—meaning "intensity." This signals how strongly Bitcoin’s price will react at a given level: higher bars indicate a more pronounced price response from a liquidity cascade once that threshold is hit.

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Nasdaq 100 Index Futures Fall 0.3%

December 10: U.S. stock futures hit intraday lows, with Nasdaq 100 futures down 0.3%, per market data.

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WEEX has launched DOYR and introduced a 50,000 USDT new user airdrop.

WEEX Announcement December 10 WEEX Launches Meme Coin DOYR + $50,000 New User Airdrop **Event Period**: Dec 10 6:00 PM – Dec 17 6:00 PM (UTC+8) ### Key Rewards: 1. **New Users**: Net deposit ≥ $100 by event end + Complete first DOYR spot trade → **$10 reward**. 2. **All Users (Contract Trading)**: - ≥ $500 volume → **$5–$20 cash + $5–$10 trial funds**. - ≥ $20,000 volume → **Share $20,000 proportionally by trading volume**. 3. **Referral Program (New + Existing Users)**: Per eligible referral → **$10 reward** (max $1,000 per person).

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Bitget's On-chain Stock Trading introduces the 5th round of Zero Fee Trading Competition, with a total prize pool of 20,000 BGB tokens.

Bitget Chain Stock’s 5th Zero-Fee Trading Competition kicks off on December 10! During the event, users trading Chain Stocks on Bitget will enjoy zero trading fees. Top 261 participants—ranked by cumulative trading volume of eligible currencies (including AMDon, CRCLon, NFLXon, etc.)—will each receive a BGB airdrop ranging from 50 to 500. Full event rules are posted on Bitget’s official platform. To join, users must click the “Join Now” button to complete registration. The competition ends at 23:59 Beijing time (UTC+8) on December 12.

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Bitcoin Breaks $93,000

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Pacifica High-Frequency Trader Engages in "Wash Trading" to Achieve $540 Million in Trading Volume with $60,000 in a Single Month

On December 10, it was reported that a strategy—earning points quickly via high-frequency trading while also turning a profit—has gained attention under Pacifica’s points incentive program. Per Pacifica platform data, trader address E8j5x has delivered standout performance over the past 30 days: with just ~$60,000 in initial capital, the trader has racked up ~$540 million in trading volume—nearly 9,000x their initial capital. The address has maintained high trading activity lately, ranking top three on the platform for both the past 7 and 30 days. While keeping up high-frequency trades, the trader’s capital has continued to grow steadily, netting ~$115,000 in profits. To help users track such high-activity trading strategies, AI-powered on-chain data analysis and copy-trading tool Coinbob recently launched its Pacifica-exclusive tool **Coinbob Pacifica** (@CoinbobPAC_bot). Users can follow top traders’ moves via this bot, earn trading rewards, collect Pacifica platform points, an

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