Data: Funding rates indicate the market is not yet overheated, remaining neutral to bearish.

BlockBeats news, September 23, according to Coinglass data, Bitcoin strongly broke through $86,000 and then maintained a fluctuating trend, altcoins and meme coins also showed rotation, the crypto market Fear and Greed Index rose above 70, entering the "Extreme Greed" zone for the first time in a year, but current funding rates on mainstream CEXs and DEXs indicate no signs of overheating in the market, the contract funding rates for mainstream crypto assets remain neutral to bearish, specific funding rates are shown in the attached image.

BlockBeats note: Funding rate is a rate set by cryptocurrency trading platforms to maintain a balance between the contract price and the underlying asset price, typically applicable to perpetual contracts. It is a mechanism for exchanging funds between long and short traders, the trading platform does not charge this fee, and 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 benchmark rate. When the funding rate is greater than 0.01%, it indicates the market is generally bullish. When the funding rate is less than 0.005%, it indicates the market is generally bearish.