The funding rates of current mainstream CEX and DEX indicate that the bearish sentiment in the market has weakened.

On November 17, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that after experiencing a significant one-sided fall, the crypto market has slightly rebounded today, and the overall bearish sentiment among participants has weakened, with more asset trading pairs' funding rates returning to neutral. BlockBeats note: funding rates are rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, usually applicable to Perptual Futures. It is a mechanism for fund exchange between long and short traders, and trading platforms do not charge this fee, which is used to adjust the costs or profits of the traders holding contracts, in order to keep the contract prices close to the underlying asset prices. 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 represents a generally bearish market.