The current mainstream CEX, DEX funding rate shows that the market has fully turned bearish

On March 9, according to Coinglass data, as Bitcoin continues to probe lower recently, the current mainstream CEX and DEX funding rates show that the market is broadly bearish. The specific mainstream coin funding rates are shown in the following figure.

Note: When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it means that the market generally sees more upside potential. When the funding rate is less than 0.005%, it indicates that the market generally expects prices to fall.