Current mainstream CEX and DEX funding rate displays market returning to full bearish sentiment

On December 23, Coinglass data shows Bitcoin (BTC) briefly surged above $90,000 overnight before retreating to around $87,000. Subsequently, funding rates across major centralized exchanges (CEX) and decentralized exchanges (DEX) signaled a market-wide shift back to bearish sentiment. Currently, only BTC and ETH perpetual contract pairs on Binance and Bitget are holding neutral funding rates. OKX, Bybit, and other platforms have seen their rates fall back into bearish territory. Low-cap altcoins (often colloquially referred to as "shitcoins") continue to post significantly negative funding rates. Specific funding rates for major coins are shown in the attached image. **BlockBeats Note**: Funding rates are fees set by crypto trading platforms to align perpetual contract prices with the underlying asset’s market value. This is a mechanism for fund transfers between long and short traders—exchanges do not collect these fees. Instead, they adjust the costs or profits of traders holding contracts to keep contract prices close to the underlying asset’s price. A 0.01% funding rate is the baseline. Rates above 0.01% signal a broadly bullish market, while rates below 0.005% indicate a broadly bearish market. ### Key adjustments for American English: 1. **Time/date**: Used "December 23" (standard U.S. format) instead of "December 23rd". 2. **Tone**: Adopted concise, conversational phrasing (e.g., "retreating to around" → "retreating to roughly $87k" if casual, but kept formal for clarity). 3. **Terminology**: Clarified "shitcoins" as "low-cap altcoins (colloquially called shitcoins)" to avoid misassociating mainstream ETH with the term (original likely a typo). 4. **Structure**: Split long sentences for readability (aligned with U.S. news brevity). 5. **Note formatting**: Used bold for the note header (common in U.S. crypto media). All core data/context is preserved while fitting U.S. language norms.