Data: Perpetual swap contract funding rate soars to over 10%
According to ChainCatcher, IntoTheBlock data shows that the funding rate of perpetual swap contracts has soared to more than 10%, and even reached 20% on mainstream exchanges.
Such high costs indicate that traders are increasingly bullish. Although still lower than the peak in the first quarter, continued demand may suggest overheated speculation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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