The market is starting to show signs of overheating
From the perpetual funding rate perspective, the funding rate for $BTC has exceeded 5%, and the $ETH funding rate is also close to 5%.
From the leveraged trading USDT borrowing rate, Binance has already exceeded 30%, and OKX has even surpassed 40%.
Of course, the overheating signal has just appeared and does not mean the market has peaked, but the risk of chasing highs at this position will undoubtedly increase, and the cost of leveraged positions will also significantly increase.
From historical experience, if the Binance USDT borrowing rate continues to exceed 50%, or even exceed 60%, one needs to be very cautious.
