The current mainstream CEX and DEX funding rates indicate that market bearish sentiment remains high.

BlockBeats message, April 22, according to Coinglass data, Bitcoin has risen and broken through $77,000. Current funding rates across major CEX and DEX shows that the market still remains broadly bearish; the specific funding rates are shown in the attached image.

BlockBeats Note: Funding rate is a fee set by cryptocurrency trading platforms to maintain a balance between the contract price and the price of the underlying asset, and it is usually applicable to perpetual contracts. It is a mechanism for funding exchanges between long and short traders; the trading platform does not charge this fee. It is used to adjust the cost or profit for traders 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 represents that the market is generally bullish. When the funding rate is less than 0.005%, it represents that the market is generally bearish.