Current mainstream CEX and DEX funding rates show that bearish sentiment towards BTC and SOL has eased, while large-scale bearish sentiment towards altcoins still persists.

BlockBeats News, January 24, according to Coinglass data, Bitcoin's attempt to break through $90,000 was unsuccessful, and it is currently quoted at $89,627. The funding rates on major CEX and DEX platforms indicate that the bearish sentiment towards BTC and SOL has eased, with some trading platforms having returned to neutral rates. However, there is still a large-scale bearish sentiment towards altcoins. The specific funding rates for major coins are shown in the attached chart.

BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, usually applied to perpetual contracts. It is a capital 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 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.