Current mainstream CEX, DEX funding rate displays market still skewed to the bearish side

BlockBeats News, January 22nd, according to Coinglass data, Bitcoin fell below $88,000 early this morning. After Trump stated that he would not impose tariffs on Greenland, Bitcoin rebounded to above $90,000. However, the current mainstream CEX and DEX funding rates indicate a bearish sentiment in the market, particularly for major coins like SOL and BCH.

BlockBeats Note: Funding Rate is a rate 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 mechanism for fund exchange 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 represents the baseline rate. When the Funding Rate is greater than 0.01%, it indicates a generally bullish market. When the Funding Rate is less than 0.005%, it indicates a generally bearish market.

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