The current popular CEX and DEX funding rate displays show that BTC and ETH have been continuously in a bearish range.

BlockBeats News, April 12th, according to HTX market data, Bitcoin is currently at $71,697.20, a 24-hour decrease of 1.80%; Ethereum is currently at $2,219.54, a 24-hour decrease of 1.27%. According to Coinglass data, the current mainstream CEX, DEX funding rates indicate a bearish signal for BTC and ETH, and market sentiment remains low.

Specifically, the BTC funding rate is negative on mainstream platforms like Binance, with shorts continuing to pay fees to longs to maintain their positions, overall indicating a bearish trend. As for ETH, platforms like Binance show negative rates, while platforms like OKX, although positive, are all below the 0.005% bearish threshold, also indicating a bearish trend overall. The funding rates for specific mainstream coins are as shown in the attached image.

BlockBeats Note: Funding Rate is a rate set by cryptocurrency exchanges to keep the contract price balanced with the underlying asset price, usually applied to perpetual contracts. It is a fund exchange mechanism between long and short traders, with the exchange not charging 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. When the funding rate is below 0.005%, it indicates a generally bearish market.