Bitcoin Drops to $65,000 as Funding Rates Turn Broadly Bearish
According to Coinglass, funding rates across major CEXs (centralized exchanges) and DEXs (decentralized exchanges) shifted negative by March 30, pointing to weaker market sentiment.
BTC
Summary
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Terms & Concepts
- Funding rate: A recurring payment in perpetual futures that helps keep contract prices close to the spot market and can reflect bullish or bearish positioning.
- CEX: A centralized exchange, where a company operates the trading platform and holds user accounts and order matching.
- DEX: A decentralized exchange, which lets users trade through smart contracts (self-executing blockchain code) without a central intermediary.