According to BlockBeats, on January 30th, data from Coinglass showed that the cryptocurrency market, in line with major global assets, experienced a decline, with $1.687 billion in liquidations across the network in the past 24 hours. However, current funding rates on major CEXs and DEXs indicate that the market remains overwhelmingly bearish. While some cryptocurrencies like BTC, ETH, SUI, and BCH show slightly weaker bearish sentiment (positive funding rates), other altcoins generally exhibit stronger bearish sentiment. Specific funding rates 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 serves as 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. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.