The cryptocurrency market is showing increased bearish sentiment towards altcoins following two days of volatile trading, according to Coinglass data reported by Blockbeats on October 23. This shift comes as Bitcoin's funding rate has returned to a neutral position. Funding rates, which help align perpetual contract prices with the underlying asset prices, serve as a barometer for market sentiment. Rates above 0.01% typically indicate bullish sentiment, while those below 0.005% suggest bearishness. The current neutral rate for Bitcoin suggests a stabilization in market outlook for the leading cryptocurrency, contrasting with the growing pessimism surrounding altcoins.