Current Mainstream CEX, DEX Funding Rate Display Market Still Leans Bearish on BTC, ETH

BlockBeats News: On August 27, according to Coinglass data, the current mainstream CEX and DEX funding rates show a bearish sentiment towards BTC and ETH. The specific funding rates are as shown in the chart below.

BlockBeats Note: Funding Rate is a rate set by cryptocurrency exchanges 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. When the funding rate is less than 0.005%, it indicates a generally bearish market.