Current mainstream CEX and DEX funding rate display shows market still maintaining a bearish view

BlockBeats News, January 28th, according to Coinglass data, Bitcoin rebounded above $89,000, currently trading at $89,141. Currently, the mainstream CEX and DEX funding rates show that the market's bearish sentiment has eased compared to yesterday but still remains bearish. The specific funding rates for mainstream coins are shown in the attached image.

BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to keep the contract price in line with the underlying asset price, usually applicable to perpetual contracts. It is a mechanism for fund transfers 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.