alts funding rate is bearish, Bitcoin returns to neutral

2025-10-23 02:46:20

[Block Rhythm] On October 23, according to data from the platform, the current funding rates on mainstream trading platforms show that after nearly 2 days of “painting door” market conditions, the bearish sentiment toward alts has intensified, but the funding rate for Bitcoin has returned to neutral, as shown in the figure below.

Funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between the contract price and the price of the underlying asset, typically applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee, which is used to adjust the cost or profit of the contracts held by traders to keep the contract price close to the price of the underlying asset.

When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it represents a generally bearish market.

BTC-1,54%

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