After a brief correction, Coinglass data shows continued negative funding rates across major exchanges, particularly impacting altcoins as bearish sentiment grows.
Following a two-day market correction, Coinglass data indicates that major centralized (CEX) and decentralized (DEX) exchanges are reporting funding rates below 0.005%, signaling strong bearish sentiment among traders. Altcoins are seeing heightened negativity, suggesting increased short positions in the market despite Bitcoin rebounding to $97,000.