According to ChainCatcher, data from Coinglass shows that the crypto market, after a recent correction, briefly fell below $91,000. Currently, funding rates on major CEXs and DEXs indicate a slight easing of bearish sentiment towards BTC, ETH, and SOL, with rates largely returning to neutral. However, widespread bearish sentiment towards altcoins persists. Specific funding rates for major cryptocurrencies are shown in the attached chart.
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.