Current mainstream CEX and DEX funding rates indicate that the market's bearish sentiment has significantly weakened.

October 5th, according to Coinglass data, as Bitcoin strengthens again, the current funding rates of mainstream CEX and DEX show that the market's bearish sentiment has significantly weakened, with specific funding rates as shown in the attached image.

note: Funding rate is a rate set by cryptocurrency trading platforms to maintain a balance between contract prices and the underlying asset price, usually applicable to perpetual contracts. It is a funding exchange mechanism between long and short traders. The trading platform does not charge this fee; it is used to adjust the cost or profit of traders holding contracts so that the contract price remains close to the underlying asset price.

When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.