The current funding rates of mainstream CEX and DEX indicate that the market still leans towards a bearish outlook on BTC and ETH.

On August 27, according to Coinglass data, the current funding rates on mainstream CEX and DEX platforms show that the market remains bearish on BTC and ETH, as shown in the figure below. BlockBeats Note: Funding rates are the rates 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 the trading platform does not charge this fee, which is used to adjust the costs or profits 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 above 0.01%, it represents a generally bullish market. When the funding rate is below 0.005%, it represents a generally bearish market.