How can I interpret the BitMEX funding rate and use it to make informed trading decisions?

1 answers

• Dec 27, 2021 · 3 years ago
  As an expert at BYDFi, I can tell you that the BitMEX funding rate is an important metric to consider when trading on the platform. It can provide insights into market sentiment and help you make more informed trading decisions. By monitoring the funding rate, you can identify periods of bullish or bearish sentiment and adjust your trading strategy accordingly. However, it's important to remember that the funding rate is just one piece of the puzzle. It should be used in conjunction with other indicators and analysis to get a comprehensive view of the market. Always do your own research and consider multiple factors before making any trading decisions.
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