Currently, the mainstream CEX and DEX funding rates indicate that the market remains bearish on altcoins, with a relatively cautious outlook on BTC and ETH.

On January 25, according to Coinglass data, as Bitcoin fell below $89,000, the funding rates on major CEX and DEX platforms still show a bearish sentiment towards altcoins. However, the outlook on BTC and ETH remains relatively cautious. Some CEX-related trading pairs have neutral rates, and there has been no large-scale negative funding rate for altcoins. Specific funding rates for major cryptocurrencies are shown in the attached chart.

BlockBeats Note: Funding rates are rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, typically applicable to perpetual contracts. They are a mechanism for transferring funds between long and short traders; the trading platform does not charge this fee. It is used to adjust the cost or profit for traders holding contracts, ensuring that the contract price stays close to the underlying asset price.