bearish outlook on altcoins
The prevailing funding rates on both centralized exchanges (CEX) and decentralized exchanges (DEX) suggest a widespread bearish sentiment regarding altcoins. This market trend indicates that investors are currently less optimistic about the performance of altcoins compared to other cryptocurrencies. The funding rate is a crucial indicator, as it reflects the cost of holding positions in the market and can influence trading strategies. A bearish outlook typically leads to lower demand for altcoins, as traders may prefer to allocate their resources to more stable assets. As the market dynamics evolve, the sentiment surrounding altcoins may shift, but the current indicators show a clear preference for caution among investors.
