According to BlockBeats, Coinglass data from October 5th indicates that after a strong rebound in the crypto market over the past few days, Bitcoin is poised to challenge its all-time high. Current funding rates for major CEX and DEX exchanges indicate that the market remains neutral and has not entered an overheated phase. The specific funding rates are shown in the chart below. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain a balance between the contract price and the price of the underlying asset. They typically apply to perpetual swaps. Funding rates are a mechanism for exchanging funds between long and short traders. Trading platforms do not charge this fee, but rather adjust the cost or benefit of holding contracts to keep the contract price close to the underlying asset price. A funding rate of 0.01% represents the base rate. A funding rate greater than 0.01% indicates a generally bullish market outlook. A funding rate less than 0.005% indicates a generally bearish market outlook.
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