The current mainstream CEX and DEX funding rates display that the market has largely returned to a neutral state after being oversold.

On November 18th, according to Coinglass data, the current mainstream CEX and DEX funding rates show that after the recent one-sided sharp decline in the crypto market, although it hit a new low since the start of this round of decline earlier this morning, the overall bearish sentiment among participants has significantly weakened (almost all were negative funding rates on November 12th), and the funding rates of more asset trading pairs have returned to a neutral state. BlockBeats Note: Funding rates are rates set by cryptocurrency exchanges to maintain the balance between contract prices and underlying asset prices. They are usually applied to perpetual contracts and serve as a mechanism for the exchange of funds between long and short traders. The trading platform does not charge 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 greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.