$SIREN Why is the difference between contracts and spot so huge? Is this market maker’s behavior really too ugly? Also, I see the funding rate is only a little bit negative. Isn’t this supposed to be anchored to the spot and contracts? I can’t make sense of this siren coin. You can’t play with this. I got wiped out by this thing before—over 1w—and I completely don’t dare to get into this coin anymore.
BlockBeats News, April 6 — According to Coinglass data, as Bitcoin surged past $69k today, the current mainstream CEX and DEX funding rates indicate that the market’s bearish sentiment has weakened. Specific funding rates are shown in the attached chart. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, typically applicable to perpetual contracts. It is a mechanism for transferring funds between long and short traders; the trading platform does not charge this fee. It is used to adjus