Bitcoin Bearish Momentum as Coinglass Funding Rates Across Major CEXs and DEXs Signal Market Dip
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
Shorts pay
As of November 30, Coinglass data compiled by COINOTAG shows that current funding rates on major CEXs and DEXs point to a bearish tilt in the crypto market. These metrics apply to perpetual contracts and function as a price-balancing mechanism, aligning contract pricing with the underlying assets and influencing trader margins.
Interpretation: The funding rate hovers near a baseline of 0.01%, signaling neutral conditions. Readings above 0.01% imply modest bullish incentives, while levels near or below 0.005% indicate bearish pressure and increased hedging among market participants. Monitoring these rates provides a real-time gauge of funding dynamics across leading platforms.
