According to news from Coinworld, on July 10, data from Coinglass shows that the current funding rates of mainstream CEX and DEX indicate that the market is only maintaining a neutral stance and is not generally bullish. The funding rate for BTC contracts on the Binance platform has returned to 0.01% (previously below 0.01% for some time), and some trading platforms have even seen negative rates for certain trading pairs (indicating more short positions).
Note: The funding rate is the rate set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of the underlying assets, usually applicable to perpetual contracts. It is a funding exchange mechanism between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or profit of the contracts held by traders to keep the contract prices close to the prices of the underlying assets.
When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it represents a generally bearish market.

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