Current mainstream CEX and DEX funding rates indicate the market has once again turned fully bearish

BlockBeats News, February 23, according to Coinglass data, as Bitcoin briefly fell below $65,000 today, the current funding rates on major CEX and DEX platforms indicate that the market has once again turned fully bearish. The specific funding rates are shown in the attached chart.

BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain balance between the contract price and the underlying asset price, usually applied to perpetual contracts. It is a mechanism for capital exchange between long and short traders. The trading platform does not charge this fee; it is used to adjust the cost or profit of holding contracts for traders, so that the contract price remains close to the underlying asset price.

When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.