Mainstream CEX and DEX funding rates turn negative, market sentiment shifts further bearish

According to Coinglass data, Bitcoin remains in a range-bound oscillation, with a short-term rebound breaking through $70,000. Meanwhile, the funding rates on major CEX and DEX platforms are generally declining, indicating a further shift towards bearish market sentiment.
What is the funding rate?
The funding rate is the fee paid periodically between long and short positions in the perpetual contract market, used to keep the contract price close to the spot price. The trading platform itself does not charge this fee.
Simply put:
Funding Rate ≈ 0.01%: at the baseline level
Above 0.01%: longs are dominant, market is bullish
Below 0.005%: shorts are dominant, market is bearish
The current rates are generally declining, reflecting a clear weakening of short-term market sentiment.
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