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Mainstream Token funding rate returns to neutral, market sentiment tends to balance.
According to data from the data platform, the current funding rates of mainstream trading platforms indicate a return to a neutral market stance. The specific funding rates of mainstream tokens are shown in the attached image.
Note: The funding rate is a rate set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. 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 cost or profit of the contracts held by traders, in order to keep the contract price close to the underlying asset price.
When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.