According to BlockBeats, on February 4th, Coinglass data showed that Bitcoin briefly dipped below $73,000 in the early hours of the morning before rebounding above $76,000. Funding rate data indicates that bearish sentiment has eased somewhat compared to yesterday, but remains broadly bearish. Several trading platforms saw their Bitcoin funding rates turn positive, but the bearish trend persists. Ethereum funding rates on most platforms remain negative, indicating that short sellers will continue to pay fees to long positions to maintain their holdings, further intensifying market pessimism towards Ethereum. BlockBeats Note: 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 baseline rate. A funding rate greater than 0.01% indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.