【New trends in funding rate indicators! Will the cryptocurrency market bottom out and rebound? 】🚀
Family members, pay attention! There are new trends in the funding rate indicator on September 11, 2024! K33 Research's latest market report points out that the 30-day average funding rate of perpetual contracts has dropped to negative values, which has only happened six times since 2018! 😮
As an important indicator of the perpetual contract market, the change in funding rate can reflect the supply and demand relationship in the market and investor sentiment. This time the funding rate dropped to a negative value, which means that the short side needs to pay fees to the long side, the short-selling power is strong, and investors are generally bearish on the market outlook. However, don't forget that historical data tells us that after the funding rate drops to a negative value, the market often bottoms out and rebounds! 📈
The report also said that after the funding rate turned negative, the average return rate in the next 90 days was as high as 79%, and the median return rate was 55%! This number is very impressive, and we are full of expectations for the market rebound! 🎉
Of course, the market trend still needs to be judged in combination with other data and information. The change in funding rate is just one of the signals. We still need to remain rational and make prudent decisions. However, this new trend does bring us some hope and confidence. Maybe the cryptocurrency market will really bottom out and rebound! 💪
What do you think? Do you also think this is a good opportunity? Come and leave a message to tell me! 👇