Current mainstream CEX and DEX funding rates indicate that the market is not fully bullish

ChainCatcher news, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that the market is only maintaining a neutral stance and is not fully bullish. The funding rate for BTC contracts on the Binance platform has returned to 0.01% (previously it was below 0.01% for some time), and some trading pairs on certain platforms even show negative rates (indicating more short positions). The specific funding rates for mainstream cryptocurrencies are shown in the attached image.

ChainCatcher news, funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of the 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; instead, 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.

ChainCatcher news, 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.