Current mainstream CEX, DEX funding rate display shows the market still maintains an overall bearish view

BlockBeats News, February 11th, according to Coinglass data, Bitcoin's downturn has stabilized, reclaiming $69,000. Current mainstream CEX and DEX funding rates indicate the market remains predominantly bearish, as 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 applied 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 for 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 above 0.01%, it indicates a generally bullish market sentiment. When the Funding Rate is below 0.005%, it indicates a generally bearish market sentiment.