Crypto Market Sentiment Turns Bullish: Funding Rates Signal Growth

Market analysts are seeing bullish signs emerging as evidenced by the recent data from Coinglass, which reveals funding rates on major cryptocurrency exchanges have been consistently increasing. This trend is evident in a chart detailing the funding rate for various prominent cryptocurrencies. 0.01% is considered a baseline, and funding rates above that level indicate market optimism. Funding rates below 0.005% signify bearish sentiment.