According to BlockBeats, on January 15th, data from Coinglass showed that after the recent correction, the crypto market returned to a neutral stance yesterday. However, with Bitcoin rising back to the key level of $97,000, funding rates on major CEXs and DEXs indicate that the market is attempting to "short" again. BTC funding rates on major platforms have turned bearish, and altcoins are also experiencing negative rates again. Specific funding rates for major cryptocurrencies are shown in the attached chart.
BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain balance between contract prices and the price of the underlying asset, 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 price of the underlying asset.
A funding rate of 0.01% represents the base rate. A funding rate greater than 0.01% indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market sentiment.