Perpetual swaps funding fees have significantly increased on crypto exchanges, reaching above 10% and even 20% on major exchanges. This increase in fees could indicate speculative overheating in the market, despite being lower than earlier in the year. Futures premiums have also increased on several exchanges. Analysts have warned about potential overleveraging and risk of pullbacks in Ethereum markets due to the high funding rates. However, the high rates could also indicate bullish sentiment among investors. The CEO of CryptoQuant warned about overleveraged perpetual markets for BTC. The recent price surge in BTC has been driven by Trump's election victory, but the overleveraging could lead to increased volatility in the market.
- Content Editor ( cryptopolitan.com )
- 2024-11-23
Funding fees for perpetual swaps have surged to over 10%, even hitting 20% on major exchanges