Current mainstream CEX, DEX funding rate data displays that the market continues to remain predominantly bearish.

BlockBeats News, November 28th, according to Coinglass data, the recent cryptocurrency market has seen a comprehensive rebound, with Bitcoin briefly rising to nearly $92,000. However, the current funding rates on major CEXs and DEXs indicate that the market is still overwhelmingly bearish. The specific funding rates for major coins are shown in the attached image.

BlockBeats Note: 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 serves as a mechanism for fund exchange between long and short traders, with the trading platform not charging 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.

When the Funding Rate is 0.01%, it represents the baseline rate. When the Funding Rate is above 0.01%, it indicates a generally bullish market. When the Funding Rate is below 0.005%, it indicates a generally bearish market.