According to Coinglass data, Bitcoin rebounded above $88,000 on January 27th, currently trading at $88,408. Current funding rates on major CEXs and DEXs indicate a slight easing of bearish sentiment compared to yesterday, but widespread bearish sentiment towards altcoins persists. Specific funding rates for major cryptocurrencies are shown in the attached chart. Note from Coinglass: Funding rates are fees 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, but uses it 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. A funding rate less than 0.005% indicates a generally bearish market.