Current funding rates on major CEX and DEX platforms indicate that the market remains overall bearish

BlockBeats News, April 22, according to Coinglass data, as Bitcoin slightly rises and remains volatile, current mainstream CEX and DEX funding rates indicate the market is still broadly bearish, with specific funding rates shown in the attached image.

BlockBeats note: The funding rate is a fee set by cryptocurrency trading platforms to keep contract prices aligned with the underlying asset price, typically applied to perpetual contracts. It is a mechanism for capital exchange between long and short traders; trading platforms do not charge this fee but use it to adjust the cost or profit of holding contracts, ensuring contract prices remain close to the underlying asset price.

When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate exceeds 0.01%, it means the market is generally bullish. When the funding rate is below 0.005%, it means the market is generally bearish.