BlockBeats News, July 20th, according to Coinglass data, as Bitcoin weakened today and maintained its volatility, the current funding rates on mainstream CEX and DEX exchanges show a weakening bearish sentiment, as shown in the specific funding rates in the image below.

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

When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is above 0.01%, it indicates a generally bullish market. When the funding rate is below 0.005%, it represents a generally bearish market.