According to BlockBeats, on February 8th, Coinglass data showed that Bitcoin rebounded above $70,000, but funding rate data indicates a generally bearish market. Multiple trading platforms have negative BTC funding rates, as short sellers are paying fees to long positions to maintain their holdings. Most trading platforms have positive ETH funding rates, but these are below the 0.005% threshold, indicating a better bearish sentiment than for BTC. 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's 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. A funding rate less than 0.005% indicates a generally bearish market.