The current mainstream CEX and DEX funding rate displays that the market has returned to neutrality.

BlockBeats News, March 20th, according to Coinglass data, the current mainstream CEX, DEX funding rates indicate that the cryptocurrency market is no longer bearish and has returned to a neutral state, no longer predominantly bearish but not yet bullish either. Specific funding rates for mainstream coins are shown in the attached image.

BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to maintain balance between the contract price and the underlying asset price, usually applied to perpetual contracts. It is a funding mechanism between long and short traders, and the exchange does not collect 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 signifies a generally bearish market.