Data: The current mainstream CEX and DEX funding rates indicate that the market remains broadly bearish

According to Coinglass data, the current funding rates for mainstream CEX and DEX show that the market remains broadly bearish. The specific funding rates for mainstream cryptocurrencies 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 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; it is used to adjust the cost or profit of traders holding contracts to keep 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.