Current mainstream CEX and DEX funding rates show that BTC and ETH have been in a continuous bearish range, with market sentiment remaining gloomy.

BlockBeats News, April 19th, according to HTX market data, Bitcoin is currently trading at $75,376.87, with a 24-hour decrease of 2.26%; Ethereum is currently trading at $2,325.41, with a 24-hour decrease of 3.51%. Coinglass data shows that the current mainstream CEX funding rates indicate a comprehensive bearish signal for both BTC and ETH, with market sentiment remaining low.

Specifically, the BTC funding rate on most mainstream platforms such as Binance has recorded negative values, with shorts continuing to pay fees to longs; the funding rates for BTC on various platforms are in a comprehensive bearish range. For ETH, the funding rates on platforms like Binance are generally in the range of -0.007% to -0.009%, indicating a deeper negative value; although some platforms are slightly positive, none have exceeded the 0.005% threshold, highlighting greater overall short pressure on ETH compared to BTC.

BlockBeats Note: Funding rates are rates set by cryptocurrency exchanges to maintain the balance between contract prices and underlying asset prices, usually applicable to perpetual contracts. It is a mechanism for fund transfers between long and short traders, and the trading platform 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. When the funding rate is below 0.005%, it indicates a generally bearish market.