The current mainstream CEX and DEX funding rates indicate that the market remains broadly bearish.

On November 27, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that the market is still overwhelmingly bearish. The specific funding rates for mainstream tokens are shown in the attached image. Note from BlockBeats: funding rates are the rates set by crypto assets trading platforms to maintain a balance between contract prices and the prices of the underlying assets, usually applicable to perpetual futures. It is a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee; rather, it is used to adjust the costs or profits of traders holding contracts to keep the contract price close to the price of the underlying asset. 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.