Current mainstream CEX and DEX funding rate display shows that the market remains overwhelmingly bearish.

On November 23rd, according to Coinglass data, the current mainstream CEX and DEX funding rates show that although the crypto market has witnessed a rebound in the past two days, participants still maintain an overall bearish sentiment. Almost all asset trading pairs have a negative funding rate. BlockBeats Note: The funding rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and is a fund exchange mechanism between long and short traders. The trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding the contract 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 greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.