glassnode: Slight Improvement in 7D-SMA Funding Rates Across Major Perpetual Contract Markets

Odaily News glassnode posted on X platform stating that the 7D-SMA funding rates across major perpetual contract markets have shown slight improvement. The average funding rate recovered from around 0% to approximately 0.005%, before declining back to around 0.003% over the past 24 hours. Historically, sustained market rallies have often been associated with funding rates consistently staying above 0.01%. This indicates that the current environment remains supportive but has not yet reached decisive levels.