🔥Mainstream CEX and DEX funding rates indicate the market has turned fully bearish again

On April 5th, according to Coinglass data, as Bitcoin continues to trade within a range, the current mainstream CEX and DEX funding rates show the market has reverted to a fully bearish outlook. Funding rates are set by cryptocurrency trading platforms to maintain the contract price in line with the underlying asset price, applicable to perpetual contracts, serving as a mechanism for funding exchange between long and short traders. When the funding rate exceeds 0.01%, it indicates a generally bullish market; when below 0.005%, it indicates a generally bearish market. On the same day, according to Alternative data, today’s cryptocurrency fear and greed index is 12, slightly up from yesterday’s 11, indicating a slight easing of market panic. The fear and greed index ranges from 0 to 100, incorporating volatility, market trading volume, social media activity, and more.
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