Current mainstream CEX and DEX funding rates indicate that the market is no longer bearish

ChainCatcher message, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that the cryptocurrency market is no longer bearish. The specific funding rates of mainstream coins are shown in the attached image.

Note: Funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, 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 traders holding contracts, keeping the contract price close to the underlying asset price.

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 represents a generally bearish market.