The current mainstream CEX and DEX funding rates indicate that the market has slightly returned to neutrality.

CoinWires news. On April 1, according to Coinglass data, as Bitcoin rebounded earlier this morning and briefly touched $68,000, the current funding rates across major CEXs and DEXs indicate that bearish sentiment in the market has eased. Funding rates have started to return to neutral; the specific funding rates are shown in the attached image. CoinWires note: Funding rates are fees set by cryptocurrency trading platforms to maintain a balance between the futures contract price and the price of the underlying asset, and they are typically used for perpetual contracts. It is a funding exchange mechanism between long and short traders. The trading platform does not collect this fee; instead, it is used to adjust traders’ costs or profits from holding contracts, so that the contract price stays close to the underlying asset price. When the funding rate is 0.01%, it indicates the benchmark funding rate. When the funding rate is greater than 0.01%, it means the market is generally bullish. When the funding rate is less than 0.005%, it means the market is generally bearish.