Bitcoin's market sentiment appears to be shifting, as current funding rates on major centralized and decentralized exchanges (CEXs and DEXs) indicate a weakening bearish outlook. According to Coinglass data, Bitcoin remains in a range-bound consolidation phase, with funding rates reflecting this change in sentiment.
Funding rates, which are fees set by trading platforms to align contract prices with underlying asset prices, show that the market is moving away from a bearish stance. A funding rate above 0.01% typically signals bullish sentiment, while rates below 0.005% suggest bearishness. The current rates suggest a moderation in bearish sentiment, hinting at potential market stabilization.
Bitcoin Funding Rates Suggest Weakening Bearish Sentiment
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