Data analysis shows that the funding rate indicators of mainstream centralized and decentralized exchange platforms currently reflect widespread pessimism in the market. Monitoring results from the Coinglass platform indicate that funding rates across major exchanges are generally sluggish, which is considered a bearish signal for the market.

The funding rate mechanism is an important tool for balancing the contract price and the underlying asset price in perpetual contract trading. It achieves market self-regulation through the transfer of funds between long and short positions, with the exchange not taking any fees from this process. In the funding rate system, 0.01% is considered a neutral level; exceeding this value typically indicates an overall bullish market, while a value below 0.005% suggests that traders generally hold a bearish attitude.

The monitoring data shows that the funding rates of the vast majority of major cryptocurrencies have fallen into the bearish range, reflecting the current cautious attitude of investors towards the market outlook.