The current mainstream CEX and DEX funding rate display shows that the market has fully shifted to a bearish state

BlockBeats News, May 4th, according to Coinglass data, the current mainstream CEX and DEX funding rates indicate that the market has fully shifted to a bearish sentiment. The funding rates for specific mainstream coins are shown in the attached image.

BlockBeats Note: Funding Rate is a fee set by cryptocurrency trading platforms to maintain balance between the contract price and the underlying asset price, usually applied to perpetual contracts. It is a fund exchange mechanism between long and short traders, and the trading platform does not collect 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 sentiment. When the funding rate is less than 0.005%, it indicates a generally bearish market sentiment.