Current mainstream CEX and DEX funding rate displays indicate the market continues to remain bearish

BlockBeats News, February 12th, according to Coinglass data, Bitcoin remained in a range-bound state. The current mainstream CEX and DEX funding rates indicate a bearish market sentiment, as shown in the specific funding rates in the attached image.

BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to maintain balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a mechanism for fund exchange between long and short traders. The trading platform does not charge this fee but uses it 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.