Bitcoin funding rates
Current funding rates from both centralized and decentralized exchanges indicate that the Bitcoin rate has reverted to a neutral position. Despite this shift, the overall market sentiment towards altcoins remains negative. Analysts observe that while Bitcoin stabilizes, altcoins are facing bearish trends, reflecting a lack of investor confidence in these alternative cryptocurrencies. This divergence in market behavior highlights a cautious approach by traders, who may be prioritizing Bitcoin over altcoins amid ongoing uncertainties. The contrasting funding rates suggest that while Bitcoin may be finding some balance, altcoins continue to struggle for traction in a challenging market environment.
