According to BlockBeats, data from Coinglass reveals that current funding rates across major centralized and decentralized exchanges indicate a predominantly bullish market sentiment. Bitcoin (BTC) and Ethereum (ETH) are experiencing mostly neutral funding rates, while altcoins show a strong bullish trend. Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, typically applied to perpetual contracts. This mechanism facilitates the exchange of funds between long and short traders, without the platform charging these fees
source: https://www.binance.com/en/square/post/27102215028281?utm_source=BinanceNewsRSS