Alts plunged 20%, extreme Long Wick Candle, mainstream CEX contract funding rate cooled down across the board

BlockBeats news, on December 10th, according to market data, as BTC dropped to $94,000, AltCoins experienced a widespread 'Long Wick Candle' extreme market, among which:· Ethereum hit a low of $3509 and is now priced at $3706, with a 24-hour decline of 7.15%· SOL hit a low of $203 and is now priced at $218, with a 24-hour decline of 7.35%· SAGA hit a low of $1.8 and then experienced a Long Wick Candle up to $2.67, now priced at $2.09, with a 24-hour decline of 24%· 1INCH hit a low of $0.4 and is now priced at $0.477, with a 24-hour decline of 23.6%· ORCA hit a low of $4.03 and is now priced at $4.72, with a 24-hour decline of 23.5%· CATI hit a low of $0.4 and is now priced at $0.46, with a 24-hour decline of 23.3%· HMSTR hit a low of $0.0028 and is now priced at $0.00349, with a 24-hour decline of 23%· NOT hit a low of $0.00615 and is now priced at $0.0076, with a 24-hour decline of 22.48%According to Coinglass data, after this big dump Long Wick Candle extreme market, the mainstream CEX contract funding rate has cooled down across the board and has now returned to normal levels. The majority of AltCoin contract funding rates have fallen below 0.005%, entering a 'generally bearish' level. Some AltCoin contract rates have even appeared as negative rates on individual CEXs.