The current funding rates of mainstream CEX and DEX show that the market still leans towards bearish.

On October 15, according to Coinglass data, the current funding rates for mainstream CEX and DEX show that after several days of adjustment, the market remains clearly bearish, with specific funding rates shown in the diagram below. BlockBeats note: funding rates are the rates set by crypto assets trading platforms to maintain the balance between contract prices and the underlying asset prices, 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 costs or gains of traders holding contracts, keeping contract prices close to the underlying asset prices. When the funding rate is 0.01%, it represents the Benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.