The current funding rates of mainstream CEX and DEX show that the market is still in a neutral state.

On July 26, according to Coinglass data, the current funding rates for mainstream CEX and DEX indicate that the market remains in a neutral position. The specific funding rates for mainstream tokens are shown in the attached image. BlockBeats note: funding rates are rates set by crypto asset trading platforms to maintain the balance between contract prices and the underlying asset prices, typically applicable to Perpetual Futures. It is a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee, which is used to adjust the cost or profit of the contracts held by traders to keep the contract prices close to the underlying asset prices. When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.