Current mainstream CEX and DEX funding rate displays a bearish market sentiment, but bearish sentiment towards ETH has significantly eased

BlockBeats News, February 15th, according to Coinglass data, as Bitcoin surged past $70,000, Ethereum briefly rose above $2,100. Currently, mainstream CEX and DEX funding rates indicate that although the market remains bearish, the bearish sentiment towards Ethereum has been significantly alleviated, with almost all platforms now showing neutral ETH rates. Specific funding rates are shown in the attached image.

BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, 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. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.

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