Current mainstream CEX and DEX funding rate displays indicate that market short-selling sentiment remains high.

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BlockBeats News, April 28 — According to Coinglass data, Bitcoin dropped below $77k. Currently, mainstream CEX and DEX funding rates indicate the market remains broadly bearish, with specific funding rates shown in the attached chart.

BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, 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, keeping contract prices close to the underlying asset prices.

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-2.46%
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