Current funding rates on mainstream CEXs and DEXs indicate strengthening bearish market sentiment.

BlockBeats news, October 14th, according to Coinglass data, as Bitcoin continues to fluctuate, the current funding rates of mainstream CEXs and DEXs indicate a strengthening bearish sentiment in the market, with specific funding rates as 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, 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 benchmark rate. When the funding rate is greater than 0.01%, it indicates a general bullish sentiment in the market. When the funding rate is less than 0.005%, it indicates a general bearish sentiment in the market.