Current mainstream CEX and DEX funding rate displays market flipping bearish again

BlockBeats News, February 23rd, according to Coinglass data, as Bitcoin briefly fell below $65,000 today, the current mainstream CEX and DEX funding rates show the market turning bearish again. The specific funding rates are shown in the attached image.

BlockBeats Note: Funding Rate is a rate 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 above 0.01%, it indicates a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.