The current mainstream CEX and DEX funding rates show that the market has once again turned fully bearish

According to Coinglass data, as Bitcoin slightly retreats and maintains a range-bound trend, the funding rates on major CEX and DEX platforms indicate that the market has once again turned fully bearish.

The specific funding rates for major cryptocurrencies are shown in the attached image. Funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, typically 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; instead, it adjusts the cost or profit of holding contracts for traders to keep the contract prices close to the prices of the underlying assets.

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