COINOTAG News, citing Coinglass data, reports that current funding rates on leading CEX and DEX perpetual markets point to a broadly bearish backdrop for mainstream cryptos as of December 15.

The funding rate is a parity mechanism set by exchanges to keep the perpetual contract price aligned with the underlying asset, functioning as a transfer between long and short traders rather than a net revenue source for the platform.

With a base rate near 0.01%, readings above this level generally imply bullish conditions for perpetuals, while readings below 0.005% point to bearish pressure.

Traders should monitor these indicators alongside liquidity and volatility trends and apply prudent risk controls rather than relying on speculative momentum.