Current mainstream CEX and DEX funding rate displays market flipping bearish again

February 23rd – Per data from Coinglass, Bitcoin briefly dipped below $65,000 today, with major centralized (CEX) and decentralized (DEX) exchange funding rates signaling the market has shifted back to bearish territory. Specific funding rate details are available in the attached image. BlockBeats Note: Funding rates are set by crypto exchanges to align perpetual contract prices with the underlying asset’s market value. This is a capital exchange mechanism between long and short traders—exchanges do not collect this fee. It adjusts the cost or profit of traders holding positions to keep contract prices closely tied to the underlying asset. Key Rule: A 0.01% funding rate is the baseline. Rates above 0.01% indicate a broadly bullish market, while rates below 0.005% signal a broadly bearish market.