Current CEX and DEX Funding Rates Indicate Significant Bearish Sentiment

On May 25, according to Coinglass data, as Bitcoin maintains a slight upward fluctuation, the current funding rates for mainstream CEX and DEX indicate that the market remains significantly bearish, as shown in the attached chart. Note from BlockBeats: The funding rate is a fee set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of the underlying assets, typically applicable to perpetual contracts. It serves as a funding exchange mechanism between long and short traders, with the trading platform not charging this fee. Instead, it adjusts the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. A funding rate of 0.01% represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. Conversely, when the funding rate is less than 0.005%, it indicates a generally bearish market.