The current mainstream CEX and DEX funding rates show that the market remains bearish

According to statistics from Coinglass, the price of Bitcoin continued to fluctuate on October 11. The current funding rate data on mainstream exchanges (CEX and DEX) indicates that the overall market is showing a bearish trend. See the attached figure for specific values. Note: The funding rate is a mechanism used to maintain the balance between the contract price and the underlying asset price in cryptocurrency perpetual contract trading. It is set by the trading platform and serves as a position cost adjustment tool for both long and short parties. This fee is not included in platform revenue. When the funding rate is 0.01%, it is the benchmark value. A value higher than this value indicates that market bull sentiment is dominant, and a value lower than 0.005% reflects a strong short consensus.