Current mainstream CEX and DEX funding rates show a slight easing of bearish sentiment towards BTC, ETH, and SOL

BlockBeats News, January 20th, according to Coinglass data, after experiencing a pullback in the crypto market in recent days, earlier today it briefly dropped below $91,000. Currently, mainstream CEX and DEX funding rates show a slight easing of bearish sentiment towards BTC, ETH, and SOL, and have returned to neutral rates. However, significant bearish sentiment towards altcoins still exists, as shown in the funding rates of specific mainstream coins in the accompanying image.

BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a fund exchange mechanism between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.

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 sentiment. When the Funding Rate is below 0.005%, it represents a generally bearish market sentiment.