According to BlockBeats, on January 2nd, data from Coinglass shows that after some altcoins experienced price increases today, funding rates on major CEXs and DEXs indicate a recovery in the altcoin market. Some platforms have seen altcoin trading pairs return to neutral rates. However, with Bitcoin approaching the $90,000 resistance level again, the market is becoming bearish again and has not yet entered negative rate territory. This is the opposite of the situation during the previous market downturn (BTC and ETH had neutral rates, while altcoins had negative rates across the board). Specific funding rates for major cryptocurrencies are shown in the attached chart. BlockBeats Note: Funding rates are rates set by cryptocurrency trading platforms to maintain balance between contract prices and the underlying asset price, typically applicable to perpetual contracts. It is a mechanism for exchanging funds between long and short traders. The trading platform does not charge this fee; it is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. A funding rate of 0.01% represents the base rate. A funding rate greater than 0.01% indicates a generally bullish market sentiment. A funding rate less than 0.005% indicates a generally bearish market sentiment.