The current mainstream CEX and DEX funding rate indicators suggest that the market is no longer bearish.

BlockBeats News, March 17th, according to Coinglass data, the current mainstream CEX and DEX funding rates indicate that the crypto market is no longer bearish. The specific funding rates for mainstream coins are as shown in the attached image.

BlockBeats Note: Funding Rate is a fee set by cryptocurrency trading platforms to maintain balance between the contract price and the underlying asset price, usually applied to perpetual contracts. It is a mechanism of fund exchange between long and short traders, and the trading platform does 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 represents the baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.