BlockBeats News, August 1st, according to Coinglass data, as Bitcoin's volatility weakens, the current fund rates on mainstream CEX and DEX exchanges show a weakening bearish sentiment, as shown in the specific fund rates in the attached image.

BlockBeats Note: The funding rate is a fee set by a cryptocurrency exchange to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a mechanism for fund exchange between long and short traders, and the exchange does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.

When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.