The Bitcoin funding rate exposes the market's "bearish sentiment", increasing risks!
As Bitcoin continues to decline, the market funding rate has significantly dropped. According to Coinglass data, the funding rates of mainstream CEX and DEX are generally below 0.005%, indicating a widespread bearish sentiment and a continuous weakening of investor confidence! When the funding rate falls below the benchmark of 0.01%, it signals that bearish sentiment is dominant, making a reversal difficult to see in the near future.
With the market continuing to weaken, how should investors respond to this downward pressure? Given the signals revealed by the funding rate, a short-term downward trend may be hard to avoid.
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