According to Coinglass data, the current funding rates of mainstream centralized exchanges (CEX) and decentralized exchanges (DEX) indicate that the market is still in a bearish trend. The funding rate is the fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. This mechanism facilitates the exchange of funds between long and short traders, and the trading platform does not charge this fee. A funding rate of 0.01% is the benchmark rate; a rate higher than 0.01% indicates a bullish overall market, while a rate lower than 0.005% indicates a bearish overall market. This data shows that the funding rates of mainstream coins are all in the bearish range.