Current funding rate signals from major CEXs and DEXs show the market remains significantly bearish

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BlockBeats message: July 13, according to Coinglass data, as Bitcoin continues to fall today, the current mainstream CEX and DEX funding rates show the market remains significantly bearish. The specific funding rates are shown in the attached image.

BlockBeats Note: Funding rate is a fee set by crypto trading platforms to maintain balance between the contract price and the price of the underlying asset. It is typically applied to perpetual contracts. It is a mechanism for exchanging funds between long and short traders. The trading platform does not collect 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 base funding 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-1.37%
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