Cryptocurrency markets are experiencing heightened bearish sentiment as major assets like Bitcoin, Ethereum, and Solana show negative funding rates. According to Coinglass data, Bitcoin's price fell below $75,000 today, triggering market panic and pushing funding rates on major centralized and decentralized exchanges into negative territory. This indicates a strong bearish outlook among traders. While the sentiment towards altcoins is less severe, funding rates for most major altcoins remain non-positive, reflecting cautious market behavior. Funding rates are crucial in maintaining the balance between contract prices and underlying asset prices, influencing the cost or profit of holding contracts for traders. A negative funding rate suggests a bearish market, as seen with the current rates for BTC, ETH, and SOL.