Current Mainstream CEX, DEX Funding Rate Display Market Still Overall Bearish

BlockBeats News, November 24th, according to Coinglass data, the current mainstream CEX and DEX funding rates show that although the cryptocurrency market has experienced a rebound in the past two days, participants still maintain an overall bearish sentiment. The funding rates for most asset trading pairs are negative, but the bearish sentiment is relatively weaker for Bitcoin and Ethereum compared to altcoins.

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 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.