Jan. 9 — Crypto markets have pulled back to the $90,000 mark following a recent rebound, per data from Coinglass. Funding rates across major centralized (CEX) and decentralized (DEX) exchanges currently reflect bearish sentiment for both Bitcoin and altcoins, with specific rates for top coins available in the attached chart. BlockBeats Note: Funding rate is a fee charged by crypto exchanges to align perpetual contract prices with their underlying asset values. It facilitates fund transfers between long and short traders — exchanges do not collect this fee themselves. The mechanism adjusts the costs or profits of traders holding positions to keep contract prices close to underlying asset prices. Rate Context: A 0.01% funding rate is the baseline. Rates above 0.01% signal bullish sentiment, while rates below 0.005% indicate bearishness.
