The current mainstream CEX and DEX funding rate indicates a weakening bearish momentum, with ETH showing slightly more strength than BTC.

BlockBeats News, June 18, according to HTX market data, Bitcoin is currently trading at $64,106.46, with a 24-hour decrease of 1.16%; Ethereum is currently trading at $1,747.67, with a 24-hour decrease of 1.41%. The current mainstream CEX and DEX funding rates indicate a weakening bearish sentiment in the market. Regarding BTC, funding rates on various platforms are generally turning positive, but most are still below the baseline. Overall, the BTC funding rate structure is neutral to weak, with bullish momentum being moderate but not yet collectively above the baseline. As for ETH, the sentiment is slightly stronger than BTC. The funding rates on most mainstream ETH platforms have exceeded the 0.005% threshold, placing them in a neutral range. The recovery of bullish sentiment is slightly faster than BTC, but has not yet formed a valid long signal.

BlockBeats Note: Funding rates are rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, 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 price of the underlying asset.

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.