BlockBeats News, May 25th, according to Coinglass data, as Bitcoin saw a slight increase while maintaining its consolidation, the current funding rates on major CEXs and DEXs indicate a significant bearish sentiment in the market, as shown in the specific funding rates in the attached image.

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 fund transfer mechanism between long and short traders, with the exchange not taking this fee, 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 greater than 0.01%, it indicates a generally bullish market sentiment. When the funding rate is less than 0.005%, it suggests a generally bearish market sentiment.