Current mainstream CEX, DEX funding rate displays a market-wide bearish bias.

On March 12th, Coinglass data shows Bitcoin’s volatility has narrowed over the past two days. Currently, funding rates across major centralized (CEX) and decentralized (DEX) exchanges reflect overall bearish market sentiment—Bitcoin, Ethereum, and other top tokens all have negative rates (see attached chart). **BlockBeats Note**: Funding rates are fees set by crypto exchanges to keep contract prices aligned with underlying asset prices, typically for perpetual contracts. They facilitate fund exchanges between long and short traders; the trading platform does not collect this fee. The mechanism adjusts the cost or profit of traders holding contracts to ensure contract prices stay close to underlying asset values. A 0.01% funding rate is the baseline: - Rates above 0.01% signal general bullish sentiment. - Rates below 0.005% indicate overall bearishness.