BlockBeats news, March 30, according to Coinglass data, as Bitcoin fell to $65,000 this morning, the current funding rates for major CEXs and DEXs indicate that the market has returned to a fully bearish sentiment, with specific funding rates shown in the attached image.
BlockBeats note: The funding rate is the rate set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee, which is used to adjust the cost or profit of traders holding contracts in order to keep the contract price close to the underlying asset price.
When the funding rate is 0.01%, it represents the benchmark 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.