Current mainstream CEX, DEX funding rate displays a market-wide bearish bias.

BlockBeats News, March 12th, according to Coinglass data, Bitcoin's volatility has been narrowing in the past two days. Currently, mainstream CEX and DEX funding rates show an overall bearish market sentiment, with Bitcoin, Ethereum, and other major tokens all having negative 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 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 sentiment. When the Funding Rate is below 0.005%, it indicates a generally bearish market sentiment.