Data Analysis: The funding rate of mainstream tokens is relatively low, and the overall market has a strong bearish sentiment.

[Block Rhythm] On June 13, according to data from the data platform, the current funding rates of mainstream CEX and DEX indicate that the market is still in a bearish trend. The specific funding rates of mainstream tokens are shown in the attached image.

The funding rate is the fee set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a mechanism for fund exchange between long and short traders, and the trading platform does not charge this fee, which is used to adjust the cost or returns of traders holding contracts, in order 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 represents a generally bearish market.