Major CEX and DEX Funding Rates Turn Bearish After Market Dip

On October 29, funding rates on major centralized and decentralized exchanges turned bearish following a market downturn in the early hours, Coinglass data show. The shift reflects growing pessimism among market participants, particularly toward altcoins. Bitcoin's funding rate moved from neutral into the bearish range. Coinglass defines a funding rate below 0.005% as indicative of broad market pessimism, now observed across multiple platforms.