Analysis: The average funding rate predicts continued consolidation, closely monitor the VIX index to guard against risk pressure

BlockBeats News, November 13th, CryptoQuant analyst Axel posted that the average funding rate on mainstream exchanges such as Binance is 0.003%. Given the current funding level, the market may continue to consolidate. The increase in bond volatility may spill over to stocks and Bitcoin. Even though the U.S. government has resumed operations, the market will start receiving macro data. In the future, close attention should be paid to the VIX index. If it starts to rise, it will be a worrying risk pressure signal.

The VIX index (Chicago Board Options Exchange Volatility Index) is an indicator of the expected volatility of the U.S. stock market in the next 30 days, widely known as the "Fear Index."