$SOL According to BlockBeats, data from Coinglass indicates that funding rates on major centralized and decentralized exchanges reflect a general bearish sentiment in the cryptocurrency market. Funding rates are a mechanism used by cryptocurrency exchanges to maintain a balance between contract prices and the underlying asset prices, typically applied to perpetual contracts. This system facilitates the exchange of funds between traders in both long and short directions, without the exchange charging fees. This system adjusts the cost or profit of holding contracts, ensuring that contract prices remain close to asset prices. A funding rate of 0.01% is considered the standard rate. When the funding rate exceeds 0.01%, it indicates a bullish market sentiment. Conversely, when the funding rate falls below 0.005%, it indicates a bearish market outlook.