Current mainstream CEX and DEX funding rates indicate that the market remains clearly bearish.

According to BlockBeats news on October 15, data from Coinglass shows that the current funding rates of mainstream CEX and DEX indicate a clear bearish sentiment in the market after several days of adjustment, as shown in the figure below. Note: Funding rates are the rates set by crypto assets trading platforms to maintain the balance between contract prices and the prices of underlying assets, usually applicable to Perptual Futures. It is a mechanism for capital exchange between long and short traders, and the trading platform does not charge this fee, which is used to adjust the cost or profit 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 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.