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Current mainstream CEX and DEX funding rates indicate the market remains broadly bearish
3LOCK3EATS
-first
2026-04-07 14:09
BlockBeats News, April 7 — According to Coinglass data, as Bitcoin briefly rebounded and temporarily broke above $69k, the current mainstream CEX and DEX funding rates show the market remains fully bearish. The specific funding rates are shown in the attached chart.
BlockBeats Note: Funding rates are set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices. They are 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.