On August 5, the funding rates of mainstream CEX and DEX platforms indicate that the market remains bearish, as shown in the attached image. The funding rate is a fee set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, applicable to perpetual contracts. A funding rate of 0.01% is the baseline rate; rates exceeding 0.01% indicate a bullish market, while rates below 0.005% suggest a bearish market.
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