無期限ファンディングレート

Interesting observation. Do you think this cooling off period might open the door for a more sustainable uptrend, or is it just a temporary breather before the next pump and dump?

Normalizing, sure, but I wouldn't call it 'healthy' just yet. We've seen these dips before, only for the rates to shoot back up on the next decent rally. I'm waiting for sustained low funding before I get comfortable.

Yeah, I noticed that too. It's definitely a good sign to see those rates come down. Less speculative leverage always makes me feel better about the market's underlying health.