The current mainstream CEX, DEX funding rate display shows that the market still maintains a bearish sentiment.

BlockBeats News, November 30th, according to Coinglass data, the current funding rates on mainstream CEXs and DEXs still indicate a bearish sentiment in the market. The specific funding rates for major 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 funding exchange mechanism 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.