Current mainstream CEX and DEX funding rates show that the market is almost entirely bearish.

BlockBeats News, on August 20, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that the market is almost entirely bearish.

BlockBeats Note: Funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, usually applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders, and trading platforms do not charge this fee; rather, it is used to adjust the cost or return of the contracts held by traders in order to keep the contract prices close to the prices of the underlying assets.

When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.