"Market explosion! BTC and ETH funding rates continue to rise, bulls increase their bets on the rise"
According to Coinglass data, as the market continues to rise, the funding rates of the entire network have turned positive, and the funding rates of BTC and ETH are particularly noteworthy!
The current BTC position-weighted funding rate has reached 0.0264%, and the transaction-weighted funding rate is as high as 0.0285%. For ETH, the weighted rates of positions and transaction volume are 0.0194% and 0.0192% respectively, showing a strong bullish sentiment in the market.
**In terms of platforms, Binance BTC funding rate is 0.02%, while OKX is as high as 0.0616%, attracting a large amount of funds. **This wave of rising momentum is evident, and the continued upward trend of funding rates is showing that bulls are betting on the market with undiminished confidence. How the future trend will develop is worth waiting for!
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