News

BlockBeats News, February 10, according to Coinglass data, Bitcoin has fallen below $69,000. Funding rate data shows that the market remains broadly bearish, with BTC and ETH funding rates negative on multiple trading platforms, meaning short positions are paying fees to longs to maintain their positions. The market sentiment towards mainstream altcoins such as SOL and XRP is even more bearish than for BTC. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of the underlying assets, and are usually 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 profit of holding contracts, so that the contract price remains close to the price of the underlying asset. When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.

Gelonghui, February 10｜According to data from Goldman Sachs Prime Brokerage, the notional short positions in U.S. stocks reached the highest level since 2016 during the past week (January 30 to February 5).

Jinse Finance reported, according to HyperInsight monitoring, as Ethereum briefly fell below $2,000, "Maji" reduced part of their ETH long positions. Currently, they hold 3,500 ETH long positions, with a floating loss of $180,000 and a liquidation price of $1,991.01.