The current mainstream CEX and DEX funding rates show that the market's bearish sentiment towards BTC and SOL has eased, while there is still a large-scale bearish sentiment towards altcoins

According to Coinglass data, Bitcoin's attempt to reach $90,000 has been thwarted, currently reported at $89,627. The funding rates on mainstream CEX and DEX platforms indicate a slight easing of the bearish sentiment towards BTC and SOL, with some trading platforms returning to neutral rates. However, a large-scale bearish sentiment towards altcoins still exists, with specific funding rates for mainstream coins 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 the 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 traders holding contracts to keep 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.