Data: Current funding rates on major CEXs and DEXs indicate that the market has once again turned bearish across the board.

According to Mars Finance, Coinglass data shows that Bitcoin's decline continued, briefly touching the $60,000 mark. Current funding rates on major CEXs and DEXs indicate a renewed bearish market sentiment. Specific funding rates are shown in the attached chart. Funding rates are fees set by cryptocurrency trading platforms to maintain balance between contract prices and the underlying asset price, typically applicable to perpetual contracts. It's a mechanism for exchanging funds between long and short traders; the trading platform does not charge this fee. It's used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. A funding rate of 0.01% represents the base rate. A funding rate greater than 0.01% indicates a generally bullish market. A funding rate less than 0.005% indicates a generally bearish market.