CEX & DEX Funding Rates Agree: Crypto Market Lacks Bullish Conviction
- The CEX and DEX funding rates of various cryptocurrencies indicate bearish conditions.
- Bitcoin trades around $82,000, facing resistance at the 20-day EMA at $82,213.
- The altcoin market cap excluding BTC shows signs of a reversal to $1 trillion.
The cryptocurrency market has been showing signs of increased strain this week with several factors weighing heavily on sentiment: ongoing macroeconomic headwinds, persistently negative derivative funding rates, and declining altcoin momentum.
What Are Funding Rates Signaling?
Data from Coinglass shows a consistent trend of negative or near-zero funding rates across both centralized (CEX) and decentralized exchanges (DEX). Funding rates dropping below 0.005% are often interpreted as a bearish indicator, suggesting short positions are dominant and traders holding them are willing to pay a premium.
Looking at specific assets:
- ETH shows a funding rate of just 0.0066% on Bitget and -0.0031% on Vertex, a sign of market indecision with a slightly bearish tilt.
- SOL sees a mixed bag, with 0.0100% on Bitget—bullish—but -0.0062% on Vertex, reflecting hesitation.
- DOGE, a high-volatility asset, shows funding …
The post CEX & DEX Funding Rates Agree: Crypto Market Lacks Bullish Conviction appeared first on Coin Edition.
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CEX & DEX Funding Rates Agree: Crypto Market Lacks Bullish Conviction
- The CEX and DEX funding rates of various cryptocurrencies indicate bearish conditions.
- Bitcoin trades around $82,000, facing resistance at the 20-day EMA at $82,213.
- The altcoin market cap excluding BTC shows signs of a reversal to $1 trillion.
The cryptocurrency market has been showing signs of increased strain this week with several factors weighing heavily on sentiment: ongoing macroeconomic headwinds, persistently negative derivative funding rates, and declining altcoin momentum.
What Are Funding Rates Signaling?
Data from Coinglass shows a consistent trend of negative or near-zero funding rates across both centralized (CEX) and decentralized exchanges (DEX). Funding rates dropping below 0.005% are often interpreted as a bearish indicator, suggesting short positions are dominant and traders holding them are willing to pay a premium.
Looking at specific assets:
- ETH shows a funding rate of just 0.0066% on Bitget and -0.0031% on Vertex, a sign of market indecision with a slightly bearish tilt.
- SOL sees a mixed bag, with 0.0100% on Bitget—bullish—but -0.0062% on Vertex, reflecting hesitation.
- DOGE, a high-volatility asset, shows funding …
The post CEX & DEX Funding Rates Agree: Crypto Market Lacks Bullish Conviction appeared first on Coin Edition.
Read More