On March 20, according to Coinglass data, as Bitcoin experienced a slight decline today, the funding rates on major CEXs and DEXs currently indicate that the market remains broadly bearish, with specific funding rates shown in the attached image.

BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between perpetual contract prices and the underlying asset prices. They are typically applied to perpetual futures contracts. These rates serve as a mechanism for capital exchange between long and short traders, and the trading platform does not charge this fee. Funding rates are used to adjust the costs or returns for traders holding contracts, ensuring that contract prices stay close to the underlying asset prices.

When the funding rate is 0.01%, it represents the baseline rate. If the funding rate exceeds 0.01%, it indicates a generally bullish market. If the funding rate is below 0.005%, it indicates a generally bearish market.