BlockBeats reports that on January 21st, major cryptocurrencies fell again this evening. Bitcoin briefly dropped over 0.5%, approaching its previous low, while Ethereum fell over 1%, barely holding above $2900. According to Coinglass data, current funding rates on major CEXs and DEXs show a generally bearish market sentiment towards BTC, ETH, and SOL. On Binance, funding rates for ETH and SOL have turned negative. 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's a mechanism for exchanging funds between long and short traders; the trading platform does not charge this fee, but uses it 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. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.