The current funding rates of mainstream CEX and DEX indicate that the market is still in a bearish trend.

According to BlockBeats news on June 28, data from Coinglass shows that the current funding rates for mainstream CEX and DEX indicate that the market is still in a bearish trend. The specific funding rates for mainstream tokens are shown in the attached image. Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, typically applicable to Perptual Futures. It is a mechanism for the exchange of funds between long and short traders, and trading platforms do not charge this fee, which is used to adjust the cost or profit of traders holding contracts so that contract prices remain close to underlying asset prices. 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.