The current funding rates on major CEXs and DEXs indicate that the market has shifted from bearish to neutral.

On December 8, according to Coinglass data, following the recent rebound and an increasing number of “bullish” opinions on social media, current funding rates on major CEXs and DEXs indicate that the market has shifted from bearish to a more wait-and-see attitude. Funding rates for major cryptocurrencies have largely returned to neutral. Specific funding rates for major cryptocurrencies are shown in the attached chart.

BlockBeats note: Funding rates are fees set by cryptocurrency trading platforms to maintain balance between contract prices and underlying asset prices, usually applied to perpetual contracts. It is a mechanism for capital exchange between long and short traders; the trading platform does not collect this fee. It is used to adjust the cost or yield of holding contracts so that contract prices remain close to underlying asset prices. When the funding rate is 0.01%, it indicates the base rate. When the funding rate is higher than 0.01%, it means the market is generally bullish. When the funding rate is below 0.005%, it means the market is generally bearish.