According to BlockBeats, on May 4th, Coinglass data showed that funding rates for major CEX and DEX have fully shifted to bearish. The funding rate is set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of the underlying assets. It typically applies to perpetual contracts and serves as a mechanism for the exchange of funds between long and short traders. The trading platform does not charge this fee, which is used to adjust the costs or returns of the contracts held by traders. A funding rate of 0.01% is the benchmark rate; when it is greater than 0.01%, the market is bullish, and when it is less than 0.005%, the market is bearish.