According to BlockBeats and Coinglass data, funding rates across major centralized and decentralized exchanges continue to signal a bearish trend. Funding rates—used to align perpetual contract prices with actual asset prices—serve as indicators of market sentiment. Rates above 0.01% suggest bullish momentum, while rates below 0.005% point to bearish pressure. The current sub-0.005% levels highlight ongoing negative sentiment in the crypto market.