O Bitcoin caiu abaixo de 92.000 dólares. Que sinal indica a mudança total para taxas de financiamento negativas nas principais criptomoedas?

【区块律动】Recent movements in the cryptocurrency market have experienced a noticeable correction. Yesterday morning, Bitcoin briefly fell below the $92,000 mark, and the shift in market sentiment during this decline was quite evident — data shows that the funding rates on mainstream CEX and DEX platforms have fully shifted to a bearish stance.

What are the specific signs? Both Bitcoin and Ethereum have shown negative funding rates, which is quite rare in recent times. Even more extreme is the altcoin sector, where the bearish sentiment is intense, and the funding rates for major coins have already shown a clear downward trend.

Here is an explanation of the funding rate mechanism: it is the mechanism for the exchange of funds between long and short traders in perpetual contracts. The exchange sets this rate to balance the contract price with the spot price, essentially adjusting the cost or yield for traders holding positions. A simple rule of thumb is — a rate greater than 0.01% indicates a bullish market, while a rate less than 0.005% indicates a bearish market. Based on the current negative funding rates, the market sentiment is overwhelmingly bearish.