ChainCatcher message, IntoTheBlock data shows that the funding rate for perpetual swap contracts has recently soared to over 10%, with some major exchanges even reaching 20%. This phenomenon has attracted market attention.

Firstly, such a high funding rate indicates that traders' bullish sentiment is continuously strengthening. Although the current rate is still below the peak in the first quarter of this year, this trend shows a sustained demand for digital currencies in the market.

However, it is worth noting that the continued rise in funding rates may suggest a risk of speculative overheating in the market. Investors should cautiously observe market trends to avoid potential risks brought by market volatility.