The current funding rates of mainstream CEX and DEX show that the market has basically returned to neutral

ChainCatcher message, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that the market has basically returned to neutral, no longer presenting an overall bearish sentiment. The specific funding rates of 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, 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 price of the underlying asset.

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.