Funding rates for major coins continue to be negative❗

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Funding rates for major coins continue to be negative❗

The negative funding rates for many major cryptocurrencies indicate that there is currently no "bullish" sentiment in the market.

In other words, most traders think that prices will fall in the short term and therefore adjust their positions accordingly.

What is a Funding Rate?: Funding rate is a concept used in derivatives markets (such as futures, perpetual contracts).

This rate is a type of interest payment made from traders with long positions (who think the price will rise) to traders with short positions (who think the price will fall).

What Does a Negative Funding Rate Mean?: A negative funding rate means that traders with long positions must pay traders with short positions. This indicates that there is a general short-term selling pressure in the market.