According to BlockBeats, on March 23, data from Coinglass shows that after the recent market downturn, current funding rates on major CEXs and DEXs indicate a generally bearish market, although some trading pairs on certain platforms have returned to neutral. Specifically, BTC funding rates are negative on multiple platforms, including Binance, while the bearish trend in ETH funding rates has eased. XRP and BCH funding rates have returned to neutral. See the attached chart for specific funding rates for major cryptocurrencies. BlockBeats Note: Funding rates are rates 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. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.