Current mainstream CEX and DEX funding rate displays indicate the market sentiment remains bearish

BlockBeats News, February 12th, according to Coinglass data, Bitcoin has recently maintained a oscillating trend in a low range, and the current mainstream CEX, DEX funding rates indicate a bearish market sentiment, with specific funding rates as shown in the attached image.

BlockBeats Note: Funding Rate is a fee 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 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 greater than 0.01%, it indicates a generally bullish market sentiment. When the Funding Rate is less than 0.005%, it indicates a generally bearish market sentiment.