The current mainstream CEX and DEX funding rates show that the market's bearish sentiment towards BTC, ETH, and SOL has eased

According to Coinglass data, the cryptocurrency market experienced a pullback in recent days, briefly dropping below $91,000. Currently, the funding rates on major CEX and DEX platforms indicate that the bearish sentiment towards BTC, ETH, and SOL has eased, returning to a roughly neutral rate. However, there remains a significant bearish sentiment towards altcoins, with specific funding rates for major cryptocurrencies shown in the attached image.

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 trading platforms do not charge this fee. It is used to adjust the cost or profit of the contracts held by traders, keeping the contract price close to the underlying asset price. 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.