The cryptocurrency market has turned bearish, with major CEX and DEX platforms showing negative funding rates, according to Coinglass data. As of January 19, the market fell below $92,000, with Bitcoin and Ethereum leading the decline. The bearish sentiment is even more pronounced for altcoins, as indicated by the funding rates. Funding rates, which are fees set by exchanges to balance contract and asset prices, have dropped below the 0.005% threshold, signaling a bearish market. This mechanism facilitates fund exchanges between long and short traders, aiming to keep contract prices aligned with underlying asset values.