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Current funding rates shown by major CEXs and DEXs indicate the market is maintaining a clearly bearish outlook.

MeNews
ME News, July 13 (UTC+8). According to Coinglass data, as Bitcoin continues to fall today, current mainstream CEX and DEX funding rates show that the market remains significantly bearish. The specific funding rates are shown in the attached image. BlockBeats Note: Funding rate is a fee set by cryptocurrency trading platforms to maintain a balance between the contract price and the underlying asset price; it is typically used for 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 traders’ holding costs or profits so that the contract price stays close to the price of the underlying asset. 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. (Source: BlockBeats)
BTC-1.72%
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