The current mainstream CEX, DEX funding rate display indicates that the market is still in a bearish trend.

BlockBeats News, April 2nd, according to Coinglass data, the current mainstream CEX and DEX funding rates show that the crypto market is still in a bearish trend. The funding rates for specific 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 mechanism for 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 above 0.01%, it indicates a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.