Bearish Market Sentiment Persists: Funding Rates Point to Downtrend

New data from Coinglass, as reported by BlockBeats, reveals continued bearish market sentiment reflected in funding rates across both centralized and decentralized exchanges (CEX and DEX). These rates offer insights into the underlying conditions impacting crypto prices. Understanding funding rates is key: they act like a balancing mechanism between long and short positions on perpetual contracts. When these rates are positive, it signals bullish sentiment; conversely, negative rates suggest bearish sentiment. In this instance, a funding rate below 0.005% indicates a stronger bearish trend.