"Major Exchange Funding Rates Indicate Bullish Market Transition"

Son Min

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."