$BTC Market psychology shows divergence in funding rates

According to BlockBeats, recent data from Coinglass indicates a divergence in market sentiment between major centralized and decentralized exchanges, with bearish and neutral outlooks existing simultaneously. The funding rates for major cryptocurrencies reflect this trend.

Funding rates are fees imposed by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, often applied to perpetual contracts. This mechanism facilitates the exchange of funds between long-term and short-term traders without requiring the platform to charge fees, in order to adjust the costs or profits of holding contracts, ensuring that contract prices remain close to asset prices.$ETH $BNB