Current BTC Funding Rates Indicate Bearish Sentiment Across Major Platforms

According to data from Coinglass reported by COINOTAG on September 17, the prevailing funding rates across major cryptocurrency exchanges reveal a bearish market sentiment. For instance, the BTC USDT contract trading pair funding rates on mainstream platforms currently stand at:

– Binance: -0.0011%
– OKX: 0.0001%
– dYdX: 0.0108%
– bybit: 0.0025%
– Vertex: 0.001%
– Bitget: -0.0022%

COINOTAG emphasizes that a funding rate of 0.01% serves as the baseline, indicating neutrality. Rates exceeding 0.01% signal bullish trends, whereas rates below 0.005% denote bearish pressures. The intensity of market sentiment, whether bullish or bearish, is represented by the darkness of the color coding in the funding rates.