С точки зрения ставки финансирования, рынок меняет направление: BTC и ETH уже вышли из настроений медвежьего рынка, но альткойны все еще остаются под риском

【BlockBeats】According to the latest data from Coinglass, the crypto market has shown notable changes after recent fluctuations. Funding rates on major exchanges and DEX platforms indicate that bearish sentiment on BTC and ETH has faded, with funding rates across all major platforms now returning to neutral levels.

However, it’s worth noting that this optimistic outlook does not cover the entire market. The altcoin sector still exhibits large-scale negative funding rates, reflecting traders’ cautious stance toward these assets. The specific funding rate data for major coins is shown in the chart above.

In simple terms, funding rates are mechanisms set by crypto trading platforms to maintain the balance between perpetual contract prices and spot prices. This fee circulates between long and short traders and does not flow to the platform; it is used to adjust holding costs.

The judgment standard is as follows: a 0.01% funding rate serves as the baseline. Exceeding 0.01% indicates that more market participants are bullish, while below 0.005% suggests the market is inclined to be bearish. Based on current data, major coins have entered a relatively balanced state, but high negative funding rates in altcoins suggest these assets still warrant caution.