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According to BlockBeats, on January 25th, data from Coinglass shows that with Bitcoin falling below $89,000, current funding rates on major CEXs and DEXs indicate a continued bearish sentiment towards altcoins, but a relatively cautious bearish stance on BTC and ETH. Some CEX trading pairs have neutral rates, and there haven't been large-scale negative rates on altcoins. 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 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.

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