Mainstream trading platforms' funding rates are bearish, and market sentiment is becoming cautious.

According to data from the platform, the current funding rates on major trading platforms show that the market is slightly leaning bearish, as indicated in the chart below.

Note: The funding rate is a fee set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, typically applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders, and the platform does not charge this fee. It is used to adjust the cost or yield of contracts held by traders, so that the contract price remains close to the underlying asset price.

When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it represents a general bullish sentiment in the market. When the funding rate is less than 0.005%, it indicates a general bearish sentiment in the market.