Current funding rates on mainstream CEXs and DEXs indicate the market remains neutral.

BlockBeats news, October 26 - According to Coinglass data, Bitcoin fell below the $80,000 mark again today, but current funding rates on mainstream CEXs and DEXs indicate weakening bearish sentiment in the market, with overall conditions still remaining in the neutral range. Specific funding rates are shown in the attached image.

BlockBeats note: Funding rate is a rate set by cryptocurrency trading platforms to maintain balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. It is a funding exchange mechanism between long and short traders, and the trading platform does not collect this fee. It is used to adjust the cost or profit of traders holding contracts to keep contract prices close to underlying asset prices.

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.