BTC and ETH funding rates remain neutral, and the market shows signs of stabilization

According to Gate market data, Bitcoin is currently priced at $75,953.19, with a 24-hour increase of 0.09%. CoinGlass data shows that the funding rate weighted by BTC positions is 0.0087%, and the funding rate weighted by trading volume is 0.0081%, maintaining an overall neutral range; the funding rate weighted by ETH positions has risen to 0.0068%, and the funding rate weighted by trading volume has risen to 0.0064%, both remaining in a neutral range, with bearish sentiment further easing.

CoinGlass standardizes the funding rates across various platforms to an 8-hour basis. The funding rate is a mechanism for the exchange of long and short funds set to keep perpetual contracts close to spot prices; 0.01% is the benchmark rate, with rates above 0.01% indicating a bullish market and rates below 0.005% indicating a bearish market.