BlockBeats News, April 7, according to Coinglass data, as Bitcoin slightly rebounded and briefly broke through $69,000, the current funding rates for mainstream CEX and DEX indicate that the market remains fully bearish, with specific funding rates shown in the attached image.

BlockBeats Note: The funding rate is a fee set by cryptocurrency trading platforms to maintain the balance between the contract price and the price of the underlying asset, usually applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee, which is used to adjust the cost or yield of the contracts held by traders to keep the contract price close to the price of the underlying asset.

When the funding rate is 0.01%, it represents the benchmark 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.