According to BlockBeats, on February 18th, Coinglass data shows that Bitcoin is maintaining a range-bound trading pattern. Current funding rates on major CEXs and DEXs indicate a continued bearish market. Ethereum, which had previously seen its funding rates return to neutral, has once again experienced negative rates. Specific funding rates are shown in the attached chart. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain balance between contract prices and the underlying asset price. They are typically applied 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. A funding rate less than 0.005% indicates a generally bearish market.
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