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

BlockBeats News, April 20th, according to HTX market data, Bitcoin is currently trading at $75,112.87, with a 24-hour decrease of 0.98%; Ethereum is currently trading at $2,306.41, with a 24-hour decrease of 1.05%. Coinglass data shows that the current mainstream CEX funding rates indicate a continued bearish signal for both BTC and ETH, and the market sentiment remains subdued.

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 all platforms are in the bearish range. As for ETH, the funding rates on platforms like Binance are generally in the range of -0.046% to +0.006%, with deeper negative values; while some platforms are slightly positive, they have not exceeded the 0.005% threshold.

BlockBeats Note: Funding Rate is a rate set by cryptocurrency exchanges to maintain the balance between the contract price and the asset price, usually applicable to perpetual contracts. It is a fund exchange mechanism 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 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.