After a strong market rebound, mainstream CEX and DEX funding rates show a significant easing of bearish sentiment

BlockBeats News, March 4th, according to Coinglass data, Bitcoin saw a strong rebound, rising above $71,000. Currently, the funding rates on major CEXs and DEXs have turned positive, approaching neutrality as bearish sentiment significantly eases. The specific funding rates for major coins are shown in the attached image.

BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to keep the contract price balanced with the underlying asset price, usually applicable to perpetual contracts. It is a funding 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 sentiment. When the Funding Rate is below 0.005%, it indicates a generally bearish market sentiment.