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

BlockBeats News, April 22nd, according to Coinglass data, the current mainstream CEX and DEX funding rates show that the market is no longer predominantly bearish, but it is not bullish either. The specific funding rates for major 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 applicable 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 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.