On May 4th, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that the market has fully turned bearish. The specific funding rates of mainstream tokens are shown in the attached image. Note: Funding rates are the rates set by crypto assets trading platforms to maintain the balance between contract prices and the prices of the underlying assets, usually applicable to Perptual Futures. It is a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee, which is used to adjust the cost or returns of the contracts held by traders, so as to keep the contract prices close to the prices of the underlying assets. When the funding rate is 0.01%, it indicates the Benchmark rate. When the funding rate is greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.