Recent data from Coinglass shows that market sentiment is turning bearish in the cryptocurrency market, with funding rates signaling a decline on both centralized and decentralized exchanges. Funding rates, a critical mechanism used by trading platforms to manage contract prices based on the underlying assets, typically applied to perpetual contracts, involve the exchange of funds between long and short traders without platform fees. This process aims to adjust the cost or profit associated with holding these contracts, ultimately influencing the pricing of underlying asset-linked contracts. An ideal funding rate is 0.01%. When this number goes above this baseline, it reflects a bullish market sentiment. Conversely, a fall below the level of 0.005% signals bearish market sentiments.