Current mainstream CEX and DEX funding rates indicate a significant weakening of bearish sentiment in the market.

BlockBeats News, April 16 — According to Coinglass data, as Bitcoin continues its upward trend, current funding rates on leading CEX and DEX platforms show a significant weakening in bearish sentiment, with specific funding rates shown in the attached image.

BlockBeats note: Funding rates are rates set by cryptocurrency trading platforms to maintain a balance between contract prices and the underlying asset prices, usually applied to perpetual contracts. It is a capital exchange mechanism between long and short traders; the trading platform does not charge this fee. It is used to adjust the cost or return of holding a contract, keeping contract prices close to the underlying asset prices.

When the funding rate is at 0.01%, this indicates the benchmark rate. When the funding rate is higher than 0.01%, it represents a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.