The 7-day average funding rate in major perpetual markets has slightly improved.

In the past 24 hours, the 7-day average funding rate of major perpetual markets recovered from around 0% to approximately 0.005%, then fell back to about 0.003%. Historical data shows that a funding rate consistently above around 0.01% is usually associated with a sustained market uptrend. Currently, market conditions remain supportive but have not yet formed a clear trend. (glassnode)