Glassnode: Monthly funding fees paid by long positions in Bitcoin perpetual contracts have decreased by approximately 62%.

Glassnode stated on its X platform: "In Bitcoin perpetual contracts, the monthly funding fees paid by long positions have decreased by approximately 62%, from $338 million per month in mid-August to $127 million per month currently. This highlights a clear downward trend in speculative demand, as traders are increasingly unwilling to pay interest to maintain long positions."