Bitcoin has rebounded above $69,000, yet funding rates on major centralized and decentralized exchanges (CEXs and DEXs) suggest ongoing bearish sentiment across the cryptocurrency market. According to Coinglass data, the funding rates for major cryptocurrencies remain below the baseline of 0.01%, indicating a general market pessimism. Funding rates are used by trading platforms to align contract prices with underlying asset prices, affecting traders' costs or returns. Rates below 0.005% typically signal bearish market conditions.