Current mainstream CEX, DEX funding rate displays marketwide bearishness

BlockBeats News, February 18th, according to Coinglass data, Bitcoin maintained a range-bound trend. Current mainstream CEX and DEX funding rates show that the market is still overall bearish. Ethereum, which had previously returned to a neutral funding rate, has once again experienced a negative funding rate, as shown in the specific funding rates 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 fund exchange mechanism 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. When the funding rate is less than 0.005%, it indicates a generally bearish market.