During this week, crypto assets saw double-digit gains, with BTC reaching record highs. According to CoinGlass data, funding rates for perpetual swaps on crypto exchanges are currently much closer to neutral levels compared to early March when the market was at its peak. The funding rate refers to the amount that long traders pay shorts to take the opposite side of a trade. When funding rates are negative, shorts pay the fee to longs, which typically happens during bearish periods.
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