Current mainstream CEX and DEX funding rate displays indicate that the market is more bearish on Bitcoin.

On May 29th, according to Coinglass data, the current mainstream CEX and DEX funding rates exhibit a market bias towards a bearish outlook on Bitcoin. The specific funding rates are as shown in the attached image. BlockBeats Note: The funding rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and serves as a fund exchange mechanism between long and short traders. The trading platform does not collect this fee. Its purpose is to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market sentiment. When the funding rate is less than 0.005%, it indicates a generally bearish market sentiment.