The current mainstream CEX, DEX funding rate display has shifted to a bearish market.

BlockBeats News, August 20th, according to Coinglass data, the current mainstream CEX and DEX funding rate indicates the market has turned bearish.

BlockBeats Note: The funding rate is a fee set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, usually applied to perpetual contracts. It is a mechanism for fund exchange between long and short traders, with the trading platform not charging 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 base 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.