Bitcoin Bearish Signals as Funding Rates Dip Across Major CEX and DEX, Coinglass Data Shows

According to Coinglass data released on December 2, funding rates across major centralized and decentralized exchanges point to a shift toward bearish conditions in the perpetual contracts market. The latest readings for leading cryptocurrencies signal negative carry pressure on long positions, reflecting cautious sentiment and potential changes in intraday liquidity across venues.

In perpetual futures, the funding rate is designed to converge the contract price with the underlying asset. The baseline 0.01% marks neutrality; readings above 0.01% suggest a generally bullish backdrop, while readings below 0.005% indicate a bearish environment. Traders monitor this metric to adjust carry strategies, hedging decisions, and risk management across platforms.