Cryptocurrency Market Sentiment Regains Neutrality Amid Price Rebound

BlockBeats News, January 14th, according to Coinglass data, after experiencing a morning rebound in the crypto market, the funding rates on major mainstream CEXs and DEXs have largely returned to a neutral state. The funding rates for BTC, HYPE, BCH, and ZEC indicate a bearish market sentiment. Specific funding rates for major coins are shown in the attached image.

BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a mechanism for fund exchange between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.

When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.