The current funding rates of mainstream CEX and DEX indicate that the market is still in a bearish trend

ChainCatcher message, according to Coinglass data, the funding rates of mainstream CEX and DEX show that the cryptocurrency market is still in a bearish trend. The specific funding rates of mainstream coins are shown in the attached image.

ChainCatcher Note: Funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of the underlying assets, usually applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee, which is used to adjust the cost or profit of the contracts held by traders, keeping the contract prices close to the prices of the underlying assets.

When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.