The current mainstream CEX and DEX funding rate displays that the market's bearish sentiment has deepened.

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BlockBeats News, April 24 — According to Coinglass data, as Bitcoin slightly declines and remains volatile, the funding rates for major CEX and DEX platforms indicate that the market’s bearish sentiment has deepened, with specific funding rates shown in the attached chart.

BlockBeats Note: The funding rate is a fee set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, typically applicable to perpetual contracts. It is a mechanism for transferring funds 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, ensuring the contract price stays close to the underlying asset price.

When the funding rate is 0.01%, it indicates the baseline rate. When the funding rate exceeds 0.01%, it signifies a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.

BTC-0.01%
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