Current mainstream CEX, DEX funding rate displays market back to full bearishness

BlockBeats News, April 5th, according to Coinglass data, as Bitcoin continues to range, the current mainstream CEX and DEX funding rates show the market returning to an overall bearish sentiment, with specific funding rates as shown in the attached image.

BlockBeats Note: The 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 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.