The current mainstream CEX and DEX funding rate displays a market skew towards bearishness

BlockBeats News, January 9th, according to Coinglass data, the crypto market has fallen back to the $90,000 level after a recent rebound. Currently, mainstream CEX and DEX funding rates show a bearish market sentiment (including Bitcoin and altcoins), with specific funding rates for mainstream coins as shown in the attached image.

BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to keep the contract price in balance with 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 above 0.01%, it indicates a generally bullish market. When the Funding Rate is below 0.005%, it indicates a generally bearish market.