Current mainstream CEX and DEX funding rates show that BTC and ETH bearish sentiment is weakening, with market sentiment neutral to slightly bearish.

BlockBeats News, July 5, according to Coinglass data, the current funding rates of major CEXs and DEXs show that the bearish sentiment for BTC and ETH has weakened compared to before, but most platforms have not yet formed a sustained bullish signal.

Specifically, the BTC funding rate is near the 0.0100% baseline on multiple platforms, showing a neutral-to-weak overall pattern.

For ETH, the funding rates on multiple platforms have all crossed above the 0.005% threshold, and the bullish sentiment for ETH has recovered slightly more than BTC, but a full bullish signal has not yet formed.

BlockBeats Note: The funding rate is a fee set by cryptocurrency trading platforms to maintain balance between the futures contract price and the underlying asset price, typically applicable to perpetual contracts.

It is a mechanism for exchanging funds between long and short traders. The 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 represents the base rate. When the funding rate is greater than 0.01%, it indicates a general bullish market. When the funding rate is less than 0.005%, it indicates a general bearish market.