A
look
at
traditional
markets
shows
the
S&P
500
crossing
the
6,000
mark
for
the
first
time
ever
amid
upbeat
equities
markets
following
Trump’s
decisive
win
in
the
U.S.
presidential
election.
While
crypto
assets
booked
double-digit
gains
during
this
week,
with
BTC
sitting
at
record
highs,
funding
rates
for
perpetual
swaps
on
crypto
exchanges
are
much
closer
to
neutral
levels
than
the
market
top
in
early
March,
CoinGlass
data
shows.
Funding
rate
refers
to
the
amount
long
traders
pay
shorts
to
take
the
opposite
side
of
a
trade.
When
funding
rates
are
negative,
shorts
pay
the
fee
to
longs,
as
this
relationship
often
occurs
during
bearish
periods.