The funding rates of the current mainstream CEX and DEX show that the bearish sentiment in the market has weakened.

On December 1st, according to Coinglass data, the funding rates of major CEX and DEX currently show a weakening bearish trend in the market. The specific funding rates of mainstream coins are shown in the attached image. BlockBeats notes: the funding rate is a fee set by crypto assets trading platforms to maintain the balance between contract prices and the prices of the underlying assets, usually applicable to Perptual Futures. It is a funding exchange mechanism between long and short traders, and trading platforms do not charge this fee, which is used to adjust the costs or returns for traders holding contracts, keeping 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 greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it represents a generally bearish market.