BlockBeats News, on January 28, according to Coinglass data, Bitcoin has risen above $89,000, currently reported at $89,141. Currently, the funding rates of mainstream CEX and DEX show that market bearish sentiment has eased compared to yesterday, but it still belongs to a bearish trend. The specific funding rates for mainstream cryptocurrencies are shown in the attached chart.
BlockBeats Note: Funding rates are the rates set by cryptocurrency trading platforms to maintain a balance between contract prices and the prices of the underlying assets, usually applicable to perpetual contracts. It is a funding exchange mechanism between long and short traders, and trading platforms do not charge this fee, which is used to adjust the cost or profit of the contracts held by traders, keeping the contract price close to the underlying asset price.
When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it represents a general bullish market. When the funding rate is less than 0.005%, it represents a general bearish market.
