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The current BEAT perpetual contract price is about 0.0908, with a 24-hour trading volume of 9.08 million USD, an open interest of about 15.8 million, and a funding rate of 0.0050%.
This funding rate is a very interesting signal:
It is slightly positive, meaning longs are paying for their positions, and market sentiment is not extremely bearish; but the rate is very low, indicating there is no crowded long position. This environment usually corresponds to two possibilities:
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