The current mainstream CEX and DEX funding rate displays a significant weakening of the market's bearish sentiment

BlockBeats News, April 8th, according to Coinglass data, as Bitcoin briefly rose above $72,000 today, the current mainstream CEX and DEX funding rates show a significant weakening of the bearish market sentiment, with specific funding rates shown in the attached image.

BlockBeats Note: The funding rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price, usually applied to perpetual contracts. It is a funding exchange mechanism between long and short traders, with the exchange not taking this fee, 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.