According to BlockBeats, on March 2nd, data from Coinglass showed that European stocks opened sharply lower and performed poorly throughout the day due to geopolitical instability. The three major US stock indices also declined in pre-market trading. Current funding rates on major CEXs and DEXs indicate a renewed shift towards a bearish market (although a rebound on Sunday brought them back to neutral). 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 prices, 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.