Current mainstream CEX and DEX funding rates show that the Bitcoin rate has returned to neutrality, but the market remains bearish on altcoins.

BlockBeats News, October 27th, according to Coinglass data, the current mainstream CEX and DEX funding rates show that after the crypto market experienced a rebound in the past two days, market participants have intensified their bearish sentiment towards altcoins. However, the Bitcoin funding rate has returned to neutral. The specific funding rates are shown in the following chart.

BlockBeats Note: Funding rates are rates set by cryptocurrency exchanges to ensure the balance between contract prices and underlying asset prices, 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 indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.