Data: The current mainstream CEX, DEX funding rates show that the market has fully turned bearish

According to Coinglass data, the current mainstream CEX and DEX funding rates indicate that the crypto market is generally bearish. The specific mainstream currency funding rates are shown in the attached figure.

Note: Funding rates are a rate set by cryptocurrency trading platforms to maintain balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. It is a fund exchange mechanism between long and short traders; the trading platform does not charge this fee. It's used to adjust the cost or profit of traders holding contracts so as to keep contract prices close to underlying asset prices.

When the funding rate is 0.01%, it represents a benchmark rate. When the funding rate is greater than 0.01%, it indicates that market sentiment is generally bullish. When the funding rate is less than 0.005%, it suggests that market sentiment is generally bearish.