ChainCatcher reports that, according to Coinglass data, Bitcoin’s downward trend continues, briefly touching the $60,000 psychological level. Currently, mainstream CEX and DEX funding rates indicate that the market has once again shifted to a bearish outlook, with specific funding rates shown in the attached chart.
Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, typically applicable to perpetual contracts. They serve as a mechanism for fund exchange between long and short traders; the trading platform does not charge this fee. The purpose is to adjust the cost or profit for traders holding contracts, ensuring that contract prices stay close to the underlying asset prices. When the funding rate is 0.01%, it indicates the baseline rate. A funding rate above 0.01% suggests a generally bullish market. Conversely, a funding rate below 0.005% indicates a generally bearish market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BlackRock's iShares Bitcoin Trust Accumulates 9,631 BTC Over 5 Days
BlackRock's iShares Bitcoin Trust (IBIT) bought 2,870 BTC on April 14, continuing a streak of 9,631 BTC over five days, reflecting growing institutional participation in Bitcoin via regulated ETFs. This trend reduces market supply and enhances access and compliance for traditional investors.
GateNews24m ago
Bitcoin Developers Propose BIP 361 to Protect Against Quantum Computing Threats
Bitcoin developers have proposed BIP 361 to safeguard the network against quantum computer risks by freezing vulnerable addresses. The proposal includes a phased plan to transition users to quantum-safe wallets, but it has sparked debate on user control and security.
GateNews40m ago
IMF Cuts Global Growth to 3.1%, Warns of Recession Risk as Bitcoin Slides to $74K
The IMF has downgraded its 2026 global growth forecast to 3.1%, citing risks of recession from rising oil prices and US-Iran tensions. Bitcoin has also dropped significantly amid poor macroeconomic conditions and rising global debt.
GateNews1h ago
Goldman Sachs Files for Bitcoin ETF with Options-Based Income Strategy
Goldman Sachs has filed for the Goldman Sachs Bitcoin Premium Income ETF, targeting steady income with limited Bitcoin upside by investing 80% in Bitcoin-related instruments and using a dynamic options overwrite strategy.
GateNews1h ago
Former CFTC Chair Giancarlo Leaves Law for Crypto Advisory
The article discusses former CFTC Chair Giancarlo's transition from law to providing advisory services in the cryptocurrency sector, highlighting his expertise and insights into the evolving digital asset landscape.
CryptoBreaking1h ago
US Imposes Hormuz Blockade; Oil Rises as Bitcoin Dips to $70.6K
Geopolitical tensions surrounding the Strait of Hormuz intensified after the United States blockaded the waterway, following faltering peace talks with Iran. The move sent a sharp, if brief, reaction through Bitcoin markets: the leading cryptocurrency touched a low near $70,623 before a partial
CryptoBreaking1h ago
