The current mainstream CEX and DEX funding rate indicates that the market has returned to a neutral state, with a widespread bearish view on SOL.

BlockBeats News, September 12th, according to Coinglass data, after a rise last night and this morning, the current mainstream CEX, DEX funding rates indicate that the market has returned to a neutral state. However, there is a widespread bearish sentiment on SOL among traders, as shown in the specific funding rates in the figure below.

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 mechanism for fund exchange 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 sentiment. When the funding rate is less than 0.005%, it indicates a generally bearish market sentiment.