IntoTheBlock: Perpetual Swap Funding Rates Rise to Over 10%, Bullish Sentiment Rises
2024-11-22 19:56:24
Intotheblock release data display perpetual term contract funding rate spikedesk3cryptocurrencydesktopCrypto News
Funding rates for perpetual swaps have surged to more than 10 per cent and even 20 per cent on mainstream exchanges, according to data released by IntoTheBlock. Such high costs are a sign of growing bullish sentiment among traders. While still below the peak of Quarter 1, continued demand at this level could suggest speculative overheating.
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