Current mainstream CEX and DEX funding rates indicate that the market is fully bearish.

On October 18, according to Coinglass data, the current funding rates for mainstream CEX and DEX show that after a further fall in the past two days, the market is now fully bearish. The contract trading pairs of mainstream assets on major trading platforms are almost all at negative rates, with specific funding rates shown in the figure below. BlockBeats note: The funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, 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 earnings of traders holding contracts to keep 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.