On March 6, according to Coinglass data, after last night's decline, the funding rates for major CEX and DEX platforms still indicate a bearish market sentiment. Bitcoin funding rates have shifted from neutral to positive, while Ethereum remains at a neutral rate. Specific funding rates for major cryptocurrencies are shown in the attached chart.

BlockBeats Note: Funding rates are set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, typically applicable to perpetual contracts. It is a mechanism for transferring funds between long and short traders; the trading platform does not charge this fee. It is used to adjust the cost or profit for traders holding contracts, ensuring the contract price stays close to the underlying asset price.

A funding rate of 0.01% indicates the baseline rate. When the funding rate exceeds 0.01%, it suggests a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.