Current mainstream CEX, DEX funding rate displays market back in bear territory

BlockBeats News, February 20th, according to Coinglass data, Bitcoin maintained a range-bound trend. Currently, mainstream CEX and DEX funding rates indicate a market-wide bearish sentiment, with specific funding rates 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 exchange 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.