Current mainstream CEX and DEX funding rates show that the market continues to remain predominantly bearish

BlockBeats News, April 20th, according to Coinglass data, as Bitcoin maintains a ranging trend, the current funding rates on mainstream CEX and DEX platforms indicate a predominantly bearish market sentiment, as shown in the specific rates below.

BlockBeats Note: The funding rate is a fee set by cryptocurrency exchanges to keep the contract price in line with the underlying asset price, usually applicable to perpetual contracts. It serves as a mechanism for fund exchange between long and short traders, and the exchange does not take 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 indicates the baseline rate. When the funding rate is above 0.01%, it signifies a generally bullish market sentiment. When the funding rate is below 0.005%, it indicates a predominantly bearish market sentiment.