What is the significance of the funding rate on BitMEX for traders?

1 answers

• Mar 18, 2022 · 3 years ago
  As an expert at BYDFi, I can tell you that the funding rate on BitMEX is of great significance to traders. It provides valuable insights into market sentiment and can help traders make informed decisions. A positive funding rate indicates that long positions are paying shorts, which suggests a bullish market. Conversely, a negative funding rate suggests a bearish market sentiment. Traders can use this information to adjust their trading strategies and take advantage of market trends. However, it's important to note that the funding rate is just one factor to consider, and traders should also analyze other indicators and conduct thorough research before making any trading decisions.
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