The funding rate indicates bearish sentiment; everyone is bearish, but are the market makers not pushing the price up to harvest?
What can the funding rate explain?
When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it signifies that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.
When the market is generally bullish, it often declines; when the market is generally bearish, it often rises. What use is this data? Is it meant to be a contrarian indicator?
The market is always counterintuitive, just like the current heat of NIGHT being so intense; does that mean it needs to push the price up?
NIGHT has launched various activities, writing rewards, airdrop rewards, which definitely indicates that there are many sellers. If they want to push the price up, they will have to wait until we hand over the chips first; NIGHT is in the privacy sector, backed by Cardano development, an official-level ecological project, with a dual token system of NIGHT+DUST.
The sector is good, with background and strength, and the heat is worth paying attention to! #night $NIGHT @MidnightNetwork
