Market Notes｜$SIREN ｜Funding Rate +0.0913%｜Longs Pay
First, the definition: funding payments are made directly between traders; they are not fees charged by the exchange.
How to read it: A significantly positive rate is generally seen as a sign that bullish sentiment is overheated, with more leveraged funds betting on prices rising; a clearly negative rate suggests the opposite.
Knowing how to read indicators is easy. The hard part is sticking to your rules when the market gets especially volatile.
#SIREN
First, the definition: funding payments are made directly between traders; they are not fees charged by the exchange.
How to read it: A significantly positive rate is generally seen as a sign that bullish sentiment is overheated, with more leveraged funds betting on prices rising; a clearly negative rate suggests the opposite.
Knowing how to read indicators is easy. The hard part is sticking to your rules when the market gets especially volatile.
#SIREN