Current mainstream CEX, DEX funding rate displays market flipping bearish again

BlockBeats News, February 14th, according to Coinglass data, Bitcoin maintained its range-bound movement, experiencing a short-term rebound breaking through $70,000. Currently, mainstream CEX and DEX funding rates indicate a market-wide shift to a bearish sentiment, as shown in the specific funding rates in the attached image.

BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a funding exchange mechanism between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.

When the Funding Rate is 0.01%, it represents the baseline rate. When the Funding Rate is greater than 0.01%, it indicates a generally bullish market sentiment. When the Funding Rate is less than 0.005%, it indicates a generally bearish market sentiment.