Data: Bitcoin funding rate briefly exceeds 100% annualized, Fear and Greed Index (FGI) reaches 84 showing extreme greed

According to SoSoValue data, the Bitcoin funding rate briefly exceeded 100% per annum, and has currently fallen back to 79.33%. At the same time, the Fear Greed Index (FGI) reached 84, indicating that the market is in a state of extreme greed.

Note: The Bitcoin funding fee is based on the difference between perpetual contract prices and spot prices, regularly paid to long or short traders. The annualized funding rate is calculated from Binance's real-time funding rate; it equals every 8-hour funding rate x 3 x 365.