The current mainstream CEX and DEX funding rates indicate that the market remains broadly bearish on altcoins.

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According to Coinglass data on January 5, after the recent recovery of the crypto market, the current mainstream CEX and DEX funding rates show that the market is still fully bearish on altcoins, and Bitcoin maintains a neutral fee, and the specific mainstream currency funding rate is shown in the attached figure. Funding rates are the rates set by cryptocurrency trading platforms to maintain a balance between the contract price and the price of the underlying asset, usually applicable to perpetual contracts. It is a fund exchange mechanism between long and short traders, and the trading platform does not charge this fee, which is used to adjust the cost or benefit of the trader’s holding of the contract to keep the contract price close to the price of the underlying asset. When the funding rate is 0.01%, the base rate is indicated. When the funding rate is greater than 0.01%, it means that the market is generally bullish. When the funding rate is less than 0.005%, it indicates a generally bearish market.

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