The funding rate for perpetual swap contracts has soared above 10%, with some mainstream exchanges even reaching 20%. This indicates that traders' bullish sentiment is heating up, although the current rate is still below the peak of the first quarter. Such a high funding rate may suggest that demand for cryptocurrencies remains strong, but there is also a need to be cautious of the risks of overheating speculation. Investors should maintain rationality while enjoying market enthusiasm, keep an eye on market dynamics, and make informed decisions. 📈💡