Funding Rates on Major CEXs and DEXs Turn Negative as Market Sours

Funding rates across major CEXs and DEXs turned broadly bearish on Jan. 19, with Bitcoin and Ethereum moving into negative territory and altcoins showing even stronger downside bias, Coinglass data show. Bitcoin briefly fell below $92,000 this morning after several days of decline. BlockBeats notes that perpetual contract funding rates use 0.01% as a baseline, with readings above 0.01% indicating long bias and levels below 0.005% signaling widespread bearish positioning.