Crypto Traders Stay Bullish Despite Bitcoin Weakness, Funding Rates Show
• Crypto traders remain bullish on the overall market despite recent bitcoin weakness, as shown by positive funding rates for CoinDesk 20 perpetual futures • The CoinDesk 20 represents over 90% of the total crypto market value, making it a broad benchmark index • Bullish's CoinDesk 20 perpetual contracts have seen nearly $18.11 million in trading volume since launching last week • Annualized funding rates for perpetual futures on major exchanges have held around 10-12% for top 25 cryptos by market cap • Similarly positive funding rates are seen in mid-cap tokens, signaling persistent optimism across crypto derivatives markets