Current mainstream CEX and DEX funding rate displays market still overwhelmingly bearish

BlockBeats News, April 15th, according to Coinglass data, following Bitcoin's breakthrough of $76,000 yesterday and subsequent retracement, the current mainstream CEX and DEX funding rates indicate that the market remains overwhelmingly bearish, with the bearish sentiment even relatively intensifying compared to yesterday. Specific funding rates are 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 represents a generally bullish market. When the funding rate is less than 0.005%, it represents a generally bearish market.