BlockBeats Latest News! According to Coinglass data, the current funding rates of mainstream centralized exchanges (CEX) and decentralized exchanges (DEX) reveal that the market is still in a bearish trend. 📉

First, let's talk about this magical thing called funding rate! The funding rate is a mechanism set by cryptocurrency trading platforms, mainly used to maintain the balance between the price of perpetual contracts and the price of the underlying asset. In simple terms, it is a funding exchange mechanism between long and short traders, and the trading platform does not charge this fee! It's like a little secret between traders, used to adjust the cost or returns of holding contracts, keeping the contract price close to the underlying asset price.

So, how do we interpret these rates? When the funding rate is 0.01%, it indicates that the market is in a baseline state. If the rate is greater than 0.01%, it means the market is generally bullish, and everyone is expecting prices to rise. Conversely, when the funding rate is less than 0.005%, the market is generally bearish, suggesting that people are somewhat worried about future price trends.

Although the current data indicates a bearish market, this does not mean we should be disheartened. The volatility of the crypto market has always been its charm. Whether bullish or bearish, the market is always full of opportunities and challenges. Investors can operate based on their judgment and risk tolerance.

Finally, dear readers, what do you think about the current market situation? Feel free to share your views and opinions in the comments! Let's exchange ideas and spark more wisdom together!