The current mainstream CEX and DEX funding rates indicate a market shift towards bearish sentiment.

On December 2, according to Coinglass data, the current funding rates of major CEX and DEX indicate a market shift towards bearish sentiment. The specific funding rates of mainstream tokens are shown in the attached image. 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, typically applicable to Perptual Futures. It is a funding exchange mechanism between long and short traders, with the trading platform not charging this fee, used to adjust the costs or returns of traders holding contracts, to keep contract prices 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 represents a generally bearish market.