News

BlockBeats News, November 11, CryptoQuant founder Ki Young Ju tweeted, "Since the bitcoin price dropped to $100,000, whales have cashed out billions of dollars. At the beginning of the year, I said the bull market cycle was over, but inflows from MSTR and ETF ended the bear market. If these inflows stop, sellers will dominate again. Currently, selling pressure remains high, but if you believe the macroeconomic outlook is strong, now is a good time to buy."

BlockBeats News, November 11, according to Coinglass data, the current funding rates on major CEXs and DEXs show that after the recent market rebound, participants remain bearish on altcoins and have resumed a bearish outlook on BTC and ETH. The specific funding rates are shown in the chart below. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, typically applied to perpetual contracts. It is a capital exchange mechanism between long and short traders. The trading platform does not charge this fee; it is used to adjust the cost or return of holding contracts, keeping contract prices close to the underlying asset prices. When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market sentiment. When the funding rate is less than 0.005%, it indicates a generally bearish market sentiment.