Data: The funding rate for perpetual swap contracts has surged above 10%

2024-11-23 10:30:44
Collection

ChainCatcher message, IntoTheBlock data shows that the funding rate for perpetual swap contracts has soared to over 10%, with some major exchanges even reaching 20%.

Such high costs indicate that traders' bullish sentiment is on the rise, and although it is still below the peak in the first quarter, sustained demand may suggest overheating speculation.

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