The current mainstream CEX and DEX funding rate indicates that the market is not unanimously bullish.

On July 10th, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that the market is only in a neutral state and not entirely bullish. The funding rate for BTC contracts on the Binance platform has returned to 0.01% (it was previously below 0.01% for a period), and on some exchanges, certain trading pairs have even shown a negative rate (indicating a greater number of short positions). The specific funding rates for mainstream coins are 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 is a fund transfer mechanism between long and short traders. The trading platform does not collect this fee. It is used 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 above 0.01%, it indicates a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.