Data: Funding rates indicate the market shows no immediate signs of overheating and remains neutral to bearish.
23 minutes ago
According to Coinglass data, Bitcoin has firmly broken through $86,000 and is now consolidating in a range. Altcoins and meme coins have also seen rotational trading activity, while the Crypto Fear & Greed Index has climbed above 70, entering the "Extreme Greed" territory for the first time in a year. However, current funding rates on major centralized (CEX) and decentralized exchanges (DEX) show no signs of market overheating. Funding rates for mainstream crypto asset contracts remain neutral to bearish; specific rates are detailed in the attached chart. BlockBeats Note: The funding rate is a mechanism set by cryptocurrency trading platforms to align contract prices with underlying asset prices, typically applied to perpetual contracts. It functions as a fund exchange between long and short traders—platforms do not collect this fee, and it adjusts the cost or return of holding contracts to keep contract prices closely tied to underlying assets. A 0.01% funding rate is the benchmark. When the rate exceeds 0.01%, it signals widespread bullish sentiment; when it falls below 0.005%, it indicates broad bearish sentiment.
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