The current mainstream CEX and DEX funding rates indicate that the market has basically returned to neutral after being oversold.

On November 18, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that after a recent significant fall in the crypto market, although it reached a new low since the current decline this morning, the overall bearish sentiment among participants has weakened (almost all were negative rates on November 12), and more asset trading pairs' funding rates have returned to neutral. BlockBeats note: funding rates are the rates set by crypto assets trading platforms to maintain the balance between contract prices and the prices of the 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 cost or return of traders holding contracts, so that contract prices remain close to the prices of the underlying assets. When the funding rate is 0.01%, it indicates the Benchmark rate. When the funding rate is greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.