The current mainstream CEX, DEX funding rate indicates that the market is now in a full-fledged bearish state.

BlockBeats News, March 9th, according to Coinglass data, as Bitcoin continues to test new lows recently, the current mainstream CEX and DEX funding rates indicate that the market is entirely bearish. The funding rates for specific mainstream coins are shown in the following chart.

BlockBeats Note: When the funding rate is 0.01%, it indicates the baseline rate. When the funding rate is greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it represents a generally bearish market.