Current mainstream CEX, DEX funding rate data still shows a bearish outlook on altcoins, with a relatively cautious bearish sentiment on BTC and ETH

BlockBeats News, January 25th, according to Coinglass data, as Bitcoin dropped below $89,000, the current mainstream CEX, DEX funding rates indicate a bearish view on altcoins in the market. However, the bearishness towards BTC and ETH is relatively cautious, with some CEX-related trading pairs having neutral rates. There is no widespread negative funding rate for altcoins. The specific funding rates for mainstream coins are shown in the attached image.

BlockBeats Note: Funding rates are rates set by cryptocurrency exchanges to maintain balance between contract prices and underlying asset prices, typically used in perpetual contracts. It is a mechanism for fund exchange between long and short traders, with the trading platform not charging this fee. It is used to adjust the cost or profit of holding a contract for traders 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.