The current funding rates of mainstream CEX and DEX indicate that the market remains broadly bearish.

On November 29, according to Coinglass data, the crypto market has recently seen a comprehensive rebound. Bitcoin briefly rose above $93,000 last night, but the funding rates on the mainstream CEX and DEX platforms indicate that the market is still broadly bearish. The specific funding rates for mainstream tokens are shown in the attached image. BlockBeats note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of the underlying assets, usually applicable to Perpetual Futures. It is a mechanism for fund exchange between long and short traders, and trading platforms do not charge this fee. It is used to adjust the costs or returns of traders holding contracts, keeping the contract prices close to the prices of the underlying assets. When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.