Mainstream CEX and DEX funding rates indicate the market remains significantly bearish.

ME News reports that on May 25 (UTC+8), according to Coinglass data, as Bitcoin remains range-bound with slight upward movement, current funding rates on major CEXs and DEXs indicate a still significantly bearish market, as shown in the attached chart. BlockBeats note: Funding rates are fees set by cryptocurrency trading platforms to maintain alignment between contract prices and the prices of underlying assets, typically applied to perpetual contracts. They serve as a mechanism for fund transfers between long and short traders, with platforms not collecting these fees; their purpose is to adjust traders’ costs or returns on holding contracts, ensuring contract prices remain close to those of the underlying assets. When the funding rate is 0.01%, it represents the baseline rate. When the funding rate exceeds 0.01%, it indicates general market bullishness. When the funding rate falls below 0.005%, it indicates general market bearishness. (Source: BlockBeats)