The current mainstream CEX and DEX funding rate display shows that the market is fully bearish, with negative ETH rates across all platforms

**Jan 26th Crypto Update** Per Coinglass data, Bitcoin fell to the $86,000 level early this morning, temporarily trading at $86,683. Current funding rates across major centralized (CEX) and decentralized (DEX) exchanges show the market has fully flipped bearish: only Bitcoin’s funding rate remains positive, while Ethereum (ETH) funding rates on top platforms are all negative. Specific funding rates for major coins are available in the attached image. **BlockBeats Note** Funding rates are fees set by crypto exchanges to align contract prices with underlying asset values, typically for perpetual contracts. They function as a transfer between long and short traders—exchanges do not collect this fee. The goal is to adjust the cost or profit of position holders to keep contract prices near underlying asset levels. - A 0.01% rate is the baseline. - Rates above 0.01% signal a broadly bullish market. - Rates below 0.005% indicate a broadly bearish market.