Funding Rates on Major CEXs and DEXs Show Bearish Sentiment Despite BTC Surge Past $93,000

Bitcoin briefly topped $93,000 on Nov. 28, but funding rates across major centralized and decentralized exchanges remain below neutral levels, signaling persistent bearish sentiment, Coinglass data show. The rates sit beneath baseline thresholds for mainstream cryptocurrencies. Funding rates—periodic payments between long and short holders in perpetual contracts—indicate market positioning: rates above 0.01% reflect bullish sentiment, while rates below 0.005% suggest bearish expectations.