Data: The funding rates of mainstream CEX and DEX show a significant weakening of the bearish sentiment

According to Coinglass data, as Bitcoin strengthens again, the current funding rates of mainstream CEX and DEX show a significant weakening of the bearish sentiment in the market.

Funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, usually applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders, and trading platforms do not charge this fee. When the funding rate is 0.01%, it represents the benchmark rate; a rate greater than 0.01% indicates a generally bullish market, while a rate less than 0.005% indicates a generally bearish market.