ChainCatcher News, according to Coinglass data, Bitcoin’s attempt to break $90,000 was thwarted, currently trading at $89,627. Currently, mainstream CEX and DEX funding rates show a easing of bearish sentiment towards BTC and SOL, with some trading platforms returning to neutral rates. However, large-scale bearish sentiment towards altcoins still persists, with specific funding rates for major cryptocurrencies shown in the attached chart.
Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, typically applicable to perpetual contracts. It is a mechanism for exchanging funds between long and short traders; the trading platform does not charge this fee. It is used to adjust the cost or yield for traders holding contracts, keeping the contract price close to the underlying asset price. When the funding rate is 0.01%, it indicates the baseline rate. When the funding rate exceeds 0.01%, it signifies a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Holds $1.40 as Bitcoin Rally and ETF Inflows Lift Crypto Market
Key Insights
XRP maintained support above $1.40 as the broader market rebounded, while strong inflows into Bitcoin ETFs helped restore trading confidence.
Bitcoin surged beyond $74,000 alongside gains in major altcoins, lifting total crypto market value close to $2.45 trillion in one
CryptoFrontNews29m ago
Bitcoin mining company Cathedra Bitcoin and Sphere 3D reach a merger agreement, with combined operational capacity reaching 53 MW
Cathedra Bitcoin and Sphere 3D have reached a full stock transaction merger agreement. The new company after the merger will retain the Sphere 3D name and operate data centers in multiple states, with plans to expand operational capabilities and develop AI and high-performance computing services.
GateNews30m ago
New Yorkers can pay their mortgage with Bitcoin
New York City residents can now pay their mortgages using Bitcoin through the Strike platform, which has obtained the necessary licenses. This system streamlines transactions, lowers fees, and reduces the risks associated with price volatility, representing a major step forward in the integration of cryptocurrency into the real estate industry.
TapChiBitcoin1h ago
Price Predictions 3/6: BTC,ETH,BNB,XRP,SOL,DOGE,ADA,BCH,HYPE,XMR
Bitcoin (CRYPTO: BTC) faced a renewed test after a brief relief rally, sliding back below the $68,500 mark as sellers reasserted control. The move comes after the asset briefly flirted with the $74,000 threshold, a level that previously functioned as a ceiling during the latest ascent. Traders now e
CryptoBreaking1h ago
Strategy Disclosure of Top 10 Asset Management Companies' Holdings: Vanguard holds 8.12%, ranking first
MicroStrategy, a Bitcoin treasury company, disclosed the holdings of the top ten asset management companies worldwide. Vanguard Group has the largest stake at 8.12%, with a market value of over $3.1 billion. Other major shareholders include Capital Research and BlackRock.
GateNews1h ago
