Current mainstream CEX and DEX funding rates show that market short-selling sentiment has significantly weakened

As Bitcoin strongly breaks through the $80,000 mark, the current funding rates on mainstream CEX and DEX show that market short-selling sentiment has significantly weakened, as shown in the attached image.

The funding rate is a fee set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, typically applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders, and the trading platform 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 indicates the benchmark rate. When the funding rate is greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it represents a generally bearish market.

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