According to BlockBeats, on October 29th, data from Coinglass shows that current funding rates on major CEXs and DEXs indicate that after the decline in the crypto market early this morning, market participants' bearish sentiment towards altcoins has intensified. Bitcoin's funding rate has also fallen from neutral to bearish territory. Specific funding rates are shown in the chart below. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain balance between contract prices and the underlying asset price, typically applicable to perpetual contracts. It is a mechanism for exchanging funds 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 contracts to keep the contract price close to the underlying asset price. A funding rate of 0.01% represents the base rate. A funding rate greater than 0.01% indicates a generally bullish market. A funding rate less than 0.005% indicates a generally bearish market.