After experiencing the "Iran-US Conflict" baptism, the current market's bearish sentiment has been alleviated.

BlockBeats News, March 1st, yesterday the United States launched a military strike against Iran in response to a recent provocation. The market reacted with a downturn, with Bitcoin dropping to as low as $63,000. As the U.S. operation made progress, the market rebounded overall. At the time of writing, Bitcoin briefly surpassed $68,000, and Ethereum rose back above $2,000.

Notably, according to Coinglass data, after experiencing a "dip before rise" during this conflict, the bearish sentiment has eased to some extent. The funding rates of mainstream currency pairs, including altcoins, have shown a collective return to a neutral state. Specific rates are shown in the graph.

BlockBeats Note: Funding rates are rates set by cryptocurrency exchanges to maintain balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a mechanism for fund exchange between long and short traders. The exchange does not charge this fee; it is used 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 0.01%, it represents the baseline rate. When the funding rate is above 0.01%, it indicates a generally bullish market sentiment. When the funding rate is below 0.005%, it indicates a generally bearish market sentiment.