The current mainstream CEX and DEX funding rates indicate that the market has slightly tilted towards bearish.

On August 25, according to Coinglass data, the current funding rates of major CEX and DEX show that the market is slightly leaning towards bearish, as shown in the chart below. BlockBeats Note: Funding rates are the rates set by crypto assets trading platforms to maintain the balance between contract prices and the prices of underlying assets, usually 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 costs or returns of traders holding contracts, keeping the contract prices close to the prices of underlying assets. 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.