Current mainstream CEX and DEX funding rates indicate that the market is still in a bearish trend.

On June 30, according to Coinglass data, the current funding rates of mainstream CEX and DEX indicate that the market is still in a bearish trend. The specific funding rates for mainstream tokens are shown in the attached image. BlockBeats note: Funding rates are the rates set by crypto asset trading platforms to maintain the balance between contract prices and the prices of the underlying assets, usually applicable to Perptual Futures. It is a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee, which is used to adjust the costs or profits of traders holding contracts, keeping the 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.