Summary
- Satoshi Club reported that major centralized exchanges and decentralized exchanges are recording funding rates of over 0.01%.
- They stated that most traders taking long positions is the reason for the increase in funding rates.
- Through this, they conveyed that the cryptocurrency market is interpreted to be transitioning to a bull market.
Opinions have emerged suggesting that the cryptocurrency market is transitioning to a bullish atmosphere.
On the 17th (local time), Satoshi Club announced via X that "major cryptocurrencies on leading centralized exchanges (CEX) and decentralized exchanges (DEX) are recording funding rates of over 0.01%," adding that "this is due to most traders taking long positions." They further added that "this means the cryptocurrency market is transitioning back to a bull market."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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