BlockBeats News, April 15th, according to HTX market data, Bitcoin is currently priced at $74,489.57, with a 24-hour percentage change of 0.45%. Current mainstream CEX and DEX funding rates indicate a bearish sentiment for BTC and ETH, with the market mood remaining gloomy.
Specifically, the BTC funding rate on major platforms such as Binance has recorded negative values, with shorts continuing to pay fees to longs to maintain their positions, keeping the overall sentiment in bearish territory. On the ETH side, rates on multiple platforms are below the 0.005% threshold or in negative territory, presenting a consistent bearish pattern.
BlockBeats Note: Funding rate is a fee set by cryptocurrency exchanges to keep the contract price balanced with the underlying asset price, usually applicable to perpetual contracts. It serves as a fund exchange mechanism between long and short traders, with the trading platform not charging this fee, using it to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.
When the funding rate is at 0.01%, it represents the baseline rate. When the funding rate is above 0.01%, it indicates a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.
