According to ME News, on January 19th (UTC+8), Coinglass data shows that after several days of correction, the cryptocurrency market briefly fell below $92,000 this morning. Currently, funding rates on major CEXs and DEXs indicate a generally bearish market, with Bitcoin and Ethereum showing negative rates. Bearish sentiment is even stronger for altcoins. 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 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. (Source: ME)