The current mainstream CEX and DEX funding rate display shows that the market is fully bearish, with negative ETH rates across all platforms

BlockBeats News, January 26th, according to Coinglass data, Bitcoin fell to the $86,000 level early this morning, temporarily trading at $86,683. Currently, mainstream CEX and DEX funding rates show that the market has turned completely bearish, with only the Bitcoin rate positive, while ETH funding rates on major platforms have all turned negative. Specific funding rates for mainstream coins are shown in the attached image.

BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a funding exchange mechanism between long and short traders, and the exchange does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.

When the Funding Rate is 0.01%, it represents the baseline rate. When the Funding Rate is greater than 0.01%, it indicates a generally bullish market. When the Funding Rate is less than 0.005%, it indicates a generally bearish market.