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

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BlockBeats News, May 9th, according to Coinglass data, as Bitcoin falls below the $80k mark, the current mainstream CEX and DEX funding rates indicate that the market remains generally bearish, with specific funding rates shown in the attached chart.

BlockBeats Note: Funding rates are rates 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 the contract price 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.

BTC0.96%
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