Data: The Bitcoin funding rate briefly exceeded an annualized 100%, and the Fear and Greed Index (FGI) reached 84, indicating extreme greed

ChainCatcher message shows that, according to SoSoValue data, the Bitcoin funding rate briefly exceeded an annualized 100%, and has now fallen back to 79.33%. Meanwhile, the Fear and Greed Index (FGI) has reached 84, indicating that the market is in a state of extreme greed.

Note: The Bitcoin funding fee is based on the difference between the perpetual contract price and the spot price, and is a fee paid periodically to long or short traders. The annualized funding rate is calculated from the Binance real-time funding rate, which is the funding rate every 8 hours x 3 x 365.