The current mainstream CEX, DEX funding rate indicates that the market is in a full-scale bearish state.

BlockBeats News, April 4th, according to Coinglass data, the current mainstream CEX and DEX funding rates show that the cryptocurrency market is now in a comprehensive bearish state. The specific funding rates for mainstream coins are shown in the attached image.

BlockBeats Note: Funding Rate is a rate set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a fund exchange mechanism between long and short traders, with the exchange platform not taking this fee, 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.