Funding rates on major centralized and decentralized exchanges have fallen below 0.005%, indicating a persistent bearish trend in the cryptocurrency market as of December 13, 2025. According to Coinglass data, the market's cautious stance is further reflected in the fear and greed index, which suggests traders are predominantly adopting short-term bearish strategies. Perpetual contract prices are closely aligned with the underlying assets, underscoring the prevailing negative sentiment across the market.