The current funding rates on major CEXs and DEXs indicate that the market has shifted from bearish to neutral.

BlockBeats News, December 12 — According to Coinglass data, the funding rates for major CEX and DEX platforms indicate that the market has shifted from bearish to neutral. Specific funding rates for mainstream coins are shown in the attached chart. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, typically applicable to perpetual contracts. They serve as a mechanism for funds exchange between long and short traders; the trading platform does not charge this fee. It is used to adjust the cost or profit for traders holding contracts, ensuring that the contract price remains close to the underlying asset price. When the funding rate is 0.01%, it indicates the baseline rate. When the funding rate exceeds 0.01%, it signifies a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.