The current mainstream CEX and DEX funding rate displays that the market has returned to a significantly bearish outlook.

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BlockBeats News, June 5. According to Coinglass data, as Bitcoin continues to fall sharply today and dipped to $61,126.01 at one point, the current mainstream CEX and DEX funding rates show that the market has returned to a clearly bearish outlook; the specific funding rates are shown in the attached chart.

BlockBeats Note: Funding rate is a fee set by cryptocurrency trading platforms to maintain balance between the contract price and the price of the underlying asset, and it is typically used for perpetual contracts. It is a mechanism for exchanging 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, so that the contract price stays close to the underlying asset price.

When the funding rate is 0.01%, it indicates the benchmark fee rate. When the funding rate is greater than 0.01%, it means the market is generally bullish. When the funding rate is less than 0.005%, it means the market is generally bearish.

BTC-4.79%
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