Bitcoin's market sentiment has turned bearish as funding rates on major centralized and decentralized exchanges (CEXs and DEXs) indicate a downturn. According to Coinglass data, Bitcoin briefly dipped below $65,000 today, prompting a shift in funding rates that reflect a bearish outlook. Funding rates, which are fees used to align contract prices with underlying asset prices, have fallen below 0.005%, signaling a broad market bearish sentiment. These rates are crucial for maintaining price stability in perpetual contracts by adjusting traders' costs or returns.