Current mainstream CEX and DEX funding rates indicate that the market is still in a bearish trend.

BlockBeats news, on June 21, according to Coinglass data, the current funding rates of mainstream CEX and DEX indicate that the market is still in a bearish trend. The specific funding rates of mainstream coins are shown in the attached image. BlockBeats note: funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, usually applicable to Perptual Futures. It is a funding exchange mechanism between long and short traders, and the trading platform does not charge this fee, which is used to adjust the costs or profits of traders holding contracts to keep the contract prices close to the prices of underlying assets. When the funding rate is 0.01%, it represents the Benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.