Bitcoin has rebounded to $68,000 following a period of market volatility triggered by U.S. military actions against Iran. The initial strike led to a sharp decline, with Bitcoin falling to $63,000. However, as tensions eased and the U.S. operation achieved partial success, markets recovered, with Ethereum also rising above $2,000. According to Coinglass data, the market's "sell-off followed by a rally" has led to a reduction in bearish sentiment. Funding rates for major trading pairs, including altcoins, have returned to neutral levels, indicating a stabilization in market outlook. Funding rates are used by trading platforms to align contract prices with underlying asset prices, influencing trader costs and returns.