According to ME News, on January 26th (UTC+8), Coinglass data shows that Bitcoin fell to the $86,000 level in the early hours of the day, currently trading at $86,683. Currently, funding rates on major CEXs and DEXs show a broadly bearish market, with only Bitcoin's rates positive. ETH's rates on all platforms are now negative. See the attached chart for specific funding rates for major cryptocurrencies. 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)