BlockBeats reported, citing CoinGlass data, that despite Bitcoin recovering $80,000, the perpetual futures funding rates on major centralized exchanges (CEX) and decentralized exchanges (DEX) are showing negative values. The funding rate is a mechanism set in perpetual futures contracts to reduce the price difference with the spot price, adjusted through the movement of funds between long and short investors. Typically, a rate above 0.01% is interpreted as a bullish signal, while a rate below 0.005% is seen as a bearish signal. Currently, the funding rate has fallen below 0.005%, indicating that investor sentiment is predominantly bearish.
