Current mainstream CEX and DEX funding rate display shows that the market remains overwhelmingly bearish.

BlockBeats News, November 23rd, according to Coinglass data, the current mainstream CEX and DEX funding rates show that although the crypto market has seen a rebound in the past two days, participants still maintain an overall bearish sentiment, with almost all asset trading pairs having a negative funding rate.

BlockBeats Note: Funding Rate is a fee 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 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 the contract 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.