The current mainstream CEX and DEX funding rate displays that the market remains bearish.

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BlockBeats News, May 7, according to data from Coinglass, after Bitcoin rose at one point to nearly $83,000 in the early hours, it then pulled back. The funding rates on the main CEXs and DEXs currently show that the market still leans bearish; the specific funding rates are shown in the attached chart.

BlockBeats Note: The funding rate is a fee set by cryptocurrency trading platforms to keep the contract price and the price of the underlying asset in balance, and it is typically used for perpetual contracts. It is a mechanism for funding transfers between long and short traders. The trading platform does not charge this fee; 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 indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.

BTC-1.65%
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