Current funding rates on major CEXs and DEXs indicate that the market is no longer bearish on BTC and ETH, but remains bearish on Altcoin.

On January 10th, according to Coinglass data, after recent volatility in the crypto market, funding rates on major CEXs and DEXs now show that the market is no longer bearish on BTC and ETH, and funding rates on major platforms have returned to neutral. However, Altcoin still have a large number of negative funding rates. The specific funding rates for major cryptocurrencies are shown in the attached figure.

BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain a balance between contract prices and the price of the underlying asset, typically applicable to perpetual contracts. It is a mechanism for exchanging funds between long and short traders; the trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the price of the underlying asset.

A funding rate of 0.01% represents the benchmark rate. A funding rate greater than 0.01% indicates a generally bullish market sentiment. A funding rate less than 0.005% indicates a generally bearish market sentiment.