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Current mainstream CEX and DEX funding rates indicate that market sentiment for shorting is still strong

2026.04.28 13:45:48

Bitcoin Falls Below $77k on April 28, CoinGlass Data Shows; Bearish Sentiment Persists in Funding Rates As of April 28, Bitcoin has dropped below $77,000, per data from Coinglass. Current funding rates across major centralized (CEXs) and decentralized (DEXs) exchanges signal an overwhelmingly bearish market outlook. A BlockBeats note clarifies: Funding rates are fees set by crypto exchanges to align perpetual contract prices with the underlying asset’s spot price. This mechanism facilitates fund exchanges between long and short traders—exchanges do not collect the fee themselves. It adjusts the cost or profit of position holders to keep contract prices close to the underlying asset’s value. Key funding rate benchmarks: - 0.01% = benchmark rate - Above 0.01% = bullish sentiment - Below 0.005% = bearish sentiment (Note: The attached image includes specific funding rate figures.)
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