The current funding rates for both centralized exchanges (CEX) and decentralized exchanges (DEX) reflect a bearish sentiment regarding altcoins, while Bitcoin’s rate has returned to a neutral position. This shift in sentiment suggests traders may be becoming more cautious about investing in altcoins, which are typically seen as riskier compared to Bitcoin. The funding rates serve as an important indicator of market sentiment, influencing traders’ decisions and strategies. A negative or bearish funding rate often signifies that traders expect prices to decline, while a neutral rate indicates a more balanced outlook. The return of Bitcoin’s rate to neutral may suggest that investors are reassessing their positions in the broader cryptocurrency market. As altcoins continue to face bearish sentiment, market participants will likely monitor these funding rates closely for any further changes.
