**Bitcoin's Current Funding Rate (09 September 2024, 12:38 PM Pakistan Time)**
Funding rate charts help us understand the market sentiment, indicating whether long or short positions are dominating. These rates tell us where the pressure lies and who is paying whom:
- **Highest Funding Rate:** These are the pairs where longs are dominating. OKX SUSHI/USD has the highest funding rate at 0.0422%, meaning longs are in the majority and are paying shorts. This shows that long traders are bullish on these pairs.
- **Lowest Funding Rate:** These are the pairs where shorts are more dominant. OKX CAT/USDT has a funding rate of -0.2357%, indicating shorts are in control and paying longs. This reflects a bearish sentiment.
- **BTC Funding Rate:** Bitcoinâs funding rate is negative at -0.0077%, meaning short positions slightly outweigh longs, signaling a prevailing bearish sentiment. This could indicate market uncertainty or mild bearishness.
These funding rates help traders gauge the prevailing market sentiment and adjust their trading positions accordingly.
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