Market sentiment is bearish! The funding rates of mainstream exchanges show a generally bearish outlook.

On August 3rd, Coinglass data indicates that the current funding rates of major CEX and DEX reflect strong bearish sentiment in the market. The funding rate is a mechanism that balances the price between longs and shorts in perpetual contracts; if it is below 0.005%, it indicates a dominance of shorts.

Currently, the funding rates of mainstream cryptocurrencies show that investors have a cautious attitude towards the future market. $ETH $BTC