Major CEX/DEX Funding Rates Turn Bearish After Two-Day Pullback; Altcoins Show Weaker Sentiment

Funding rates across major centralized and decentralized exchanges turned bearish on Jan. 17 following a two-day market pullback, Coinglass data show. Altcoins exhibited a stronger bearish tilt, with perpetual contract funding rates falling below the 0.005% threshold that signals bearish sentiment (compared to the 0.01% benchmark and above-0.01% bullish level).