The funding rate data shows: the market sentiment in both CEX and DEX remains bearish.

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According to data from the data platform, the current funding rates of mainstream Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) indicate that the market is still in a bearish trend. The funding rate is the fee set by cryptocurrency exchanges to maintain the balance between contract prices and the prices of underlying assets, usually applicable to Perptual Futures. This mechanism facilitates the exchange of funds between long and short traders, with the trading platform not charging this fee. A funding rate of 0.01% is the benchmark rate, with rates above 0.01% indicating an overall bullish market, and below 0.005% indicating an overall bearish market. The data shows that the funding rates of mainstream tokens are all in the bearish range.

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