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02:30
The current funding rates on major CEXs and DEXs indicate a marked shift towards bearish sentiment in the market.
BlockBeats news, on May 21, according to Coinglass data, as Bitcoin slightly strengthened, the current mainstream CEX and DEX funding rates show the market has significantly turned bearish. Specific funding rates are shown in the attached image. BlockBeats note: Funding rate is a fee set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, typically applied to perpetual contracts. It is a mechanism for funds exchange between long and short traders. The trading platform does not charge this fee; it is used to adjust the cost or returns for traders holding contracts, so that contract prices stay close to underlying asset prices. When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it means the market is generally bullish. When the funding rate is less than 0.005%, it means the market is generally bearish.
02:29
The crypto sector rebounds broadly, with the DeFi sector leading gains by over 8%
Foresight News reports, citing SoSoValue data, that the cryptocurrency market sectors saw a broad rebound, with 24-hour increases ranging from approximately 2% to 8%. Among them, the DeFi sector performed strongly, rising 8.37%. Within the sector, Hyperliquid (HYPE) increased by 17.07%, Jupiter (JUP) rose by 9.07%, and Ondo Finance (ONDO) gained 10.01%. Meanwhile, Bitcoin (BTC) rose 1.61%, surpassing $77,000; Ethereum (ETH) climbed 1.59%, breaking above $2,100. Notably, MAG7.ssi rose 1.73%, DEFI.ssi increased 9.96%, and MEME.ssi was up 1.37%. In other sectors, the Layer2 sector rose 4.85% in 24 hours, with Starknet (STRK) up 9.23%. The Layer1 sector increased by 3.60%, with Zcash (ZEC) up 14.25%. The PayFi sector advanced 2.31%, with Dash (DASH) up 19.48%. The CeFi sector gained 2.28%, with Mantle (MNT) up 8.63%. The Meme sector rose 0.38%, with Cheems Token (CHEEMS) surging 23.80%. Crypto sector indices reflecting historical trends showed the ssiDeFi, ssiLayer2, and ssiNFT indices rising by 9.78%, 5.27%, and 5.03% respectively.
02:29
Crypto Fear Index rises to 29, market sentiment remains in 'fear' mode
BlockBeats News, May 21, according to Alternative data, today's Crypto Fear and Greed Index is 29 (27 yesterday), indicating that the market sentiment remains in a state of "fear." Note: The Fear and Greed Index ranges from 0 to 100 and includes the following indicators: volatility (25%) + market trading volume (25%) + social media hype (15%) + market surveys (15%) + Bitcoin's share in the overall market (10%) + Google keyword analysis (10%).
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