The crypto market has returned to a low level, and current funding rates on major CEX and DEX platforms show that market sentiment remains subdued.

BlockBeats News, April 3 — According to Coinglass data, the crypto market weakened and returned to lower levels after Trump's speech. Bitcoin is currently priced at $66,435, down 0.55% in the past 24 hours; Ethereum is currently priced at $2,048, down 0.53% in the past 24 hours. Funding rates on mainstream CEX and DEX platforms show that bearish sentiment toward BTC and ETH has eased compared to before, but funding rates on major exchanges remain negative, with no significant divergence between the two. The specific funding rates for major coins are shown in the attached image.

BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to keep contract prices in line with underlying asset prices, usually applied to perpetual contracts. It is a mechanism for fund exchanges between long and short traders; the trading platform does not charge this fee. The rate adjusts the cost or yield of holding contracts to keep contract prices close to those of the underlying assets.

When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is above 0.01%, it means the market is generally bullish. When the funding rate is below 0.005%, it means the market is generally bearish.