Data: The current mainstream CEX and DEX funding rates indicate that the market has once again fully turned bearish
According to Coinglass data, Bitcoin's downward trend continues, having once touched the $60,000 mark. Currently, the funding rates on major CEX and DEX platforms indicate that the market has once again turned bearish, with specific funding rates shown in the attached image.Funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, typically applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders; the trading platform does not charge this fee. Instead, 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.