Current funding rates on mainstream CEXs and DEXs indicate the market has turned bearish again.

October 8th, according to Coinglass data, as Bitcoin continued its downward trend and fell below $81,000, and Ethereum lost the $2,500 mark, current funding rates on mainstream CEXs and DEXs indicate that the market has turned bearish again, 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 prices, typically applicable to perpetual contracts. It is a mechanism for exchanging funds 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 contract prices remain close to the underlying asset prices.

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.