Funding rates on major CEXs and DEXs fell below levels typically associated with bullish positioning, signaling weaker sentiment as Bitcoin stayed range-bound, BlockBeats reported on July 12, citing Coinglass data.
Bitcoin traded slightly lower and remained range-bound as funding rates across major CEXs (centralized exchanges) and DEXs (decentralized exchanges) pointed to a clearly bearish market stance, based on July 12 reporting by BlockBeats citing Coinglass data. The article said 0.01% is the benchmark funding rate, with readings above 0.01% generally seen as bullish and levels below 0.005% generally interpreted as bearish. In crypto derivatives markets, funding rates are periodic payments between traders in perpetual futures (contracts without expiry) that can indicate whether long or short positioning is becoming dominant.