BlockBeats News, March 19th, according to Coinglass data, as Bitcoin quickly fell back, the current mainstream CEX, DEX funding rates show that the market remains overall bearish, with specific funding rates as shown in the attached image.
BlockBeats Note: Funding rates are the rates set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a mechanism for fund exchange between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or revenue of traders holding contracts to keep the contract price close to the underlying asset price.
When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.
