The current mainstream CEX, DEX funding rate display indicates that the market is still bearish

BlockBeats News, December 5th, according to Coinglass data, the current funding rates on mainstream CEXs and DEXs indicate a bearish market sentiment. The specific funding rates for major coins are shown in the attached image.

BlockBeats Note: Funding Rate is a fee set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, 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 indicates the baseline rate. When the funding rate is greater than 0.01%, it represents a generally bullish market sentiment. When the funding rate is less than 0.005%, it represents a generally bearish market sentiment.