Current mainstream CEX and DEX funding rates indicate a slight easing of the bearish trend, with ETH showing more prominent signs of a rebound.

BlockBeats News, April 29th, according to HTX market data, Bitcoin is currently trading at $77,310.04, with a 24-hour change of 0.52%; Ethereum is currently trading at $2,334.44, with a 24-hour change of 1.93%. The current mainstream CEX funding rate indicates a weakening bearish trend, with more evident signs of ETH warming.

On the BTC side, most platforms have recorded negative values, with platforms like OKX continuing to be skewed to the short side. Overall, the BTC short pressure has not been relieved, and the fee structure still indicates a bearish sentiment. As for ETH, mainstream platforms like Binance have funding rates concentrated in the 0.005% to 0.006% range, moving away from the previous bearish range but have not yet reached the 0.01% benchmark. The ETH funding rate is generally stronger than BTC, with clear signs of a warming sentiment.

BlockBeats Note: Funding rates are rates set by cryptocurrency exchanges to keep the perpetual contract price balanced with the underlying asset price, usually applicable to perpetual contracts. It is a fund exchange mechanism between long and short traders, which the trading platform does not charge and is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. A funding rate of 0.01% represents the benchmark rate. A funding rate greater than 0.01% indicates a generally bullish market sentiment. A funding rate less than 0.005% indicates a generally bearish market sentiment.