January 19 — Per Coinglass data, the crypto market has pulled back in recent days, briefly dipping below $92,000 this morning. Currently, funding rates across major centralized (CEX) and decentralized (DEX) exchanges show the market has fully shifted to bearish sentiment: Bitcoin and Ethereum are trading at negative funding rates, while bearishness toward altcoins is even stronger. Specific funding rates for leading currencies are available in the attached image. **BlockBeats Note**: Funding rates are set by crypto exchanges to keep contract prices aligned with the underlying asset’s price (typically for perpetual contracts). It’s a fund transfer mechanism between long and short traders — exchanges do not charge this fee. Its purpose is to adjust the cost or profit of traders holding contracts, ensuring contract prices stay close to the underlying asset’s value. **Funding Rate Benchmarks**: – 0.01% = baseline rate – >0.01% = generally bullish market – <0.005% = generally bearish market
