On February 20, according to Coinglass data, Bitcoin remained in a range-bound oscillation. Currently, the funding rates on major CEX and DEX platforms indicate a renewed overall bearish market sentiment, with specific funding rates shown in the attached chart.

BlockBeats Note: Funding rates are rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, typically applicable to perpetual contracts. They serve as a mechanism for transferring funds between long and short traders; the trading platform does not charge this fee. It is used to adjust the cost or profit for traders holding contracts, keeping the contract price close to the underlying asset price.

A funding rate of 0.01% indicates the baseline rate. When the funding rate exceeds 0.01%, it signifies a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market. #Gate广场发帖领五万美金红包