Mainstream CEX and DEX funding rates remain somewhat bearish. After Bitcoin's decline, the rates have rebounded and are now approaching neutral territory.

According to Coinglass data, after Bitcoin once again fell below $63,000 this morning, the overall funding rates on major CEX and DEX platforms remain somewhat bearish. However, following the price dip, most platforms' funding rates have already returned to positive territory, gradually approaching the neutral zone.
Funding rates are the fees paid periodically between long and short traders in the perpetual contract market, used to keep the contract price close to the spot price. The platform itself does not charge this fee; instead, it is paid between traders.
Generally:
· Funding rates around 0.01% indicate a relatively balanced baseline level
· Significantly above 0.01% suggests a bullish market sentiment
· Below 0.005% indicates a bearish market sentiment
Although current rates still reflect some bearish sentiment, the rebound in rates after the price decline shows that market sentiment has eased somewhat, and the bearish pressure has weakened compared to earlier.