Current mainstream CEX and DEX funding rate displays indicate that the market remains generally bearish.

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BlockBeats News, April 30, according to Coinglass data, Bitcoin fell below $76,000. Current mainstream CEX and DEX funding rates show the market remains bearish. The specific funding rates are shown in the attached image.

BlockBeats Note: Funding rate is a fee set by cryptocurrency trading platforms to keep the contract price balanced with the underlying asset price. It is typically applied to perpetual contracts. It is a funding exchange mechanism 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 means the market is broadly bullish. When the funding rate is less than 0.005%, it means the market is broadly bearish.

BTC-1.38%
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