According to BlockBeats, on March 17th, Coinglass data shows Bitcoin is currently trading at $75,480, up 3.67% in the last 24 hours; Ethereum is currently trading at $2,353.4, up 7.68% in the last 24 hours. Current funding rates on major CEXs and DEXs indicate a bearish market, diverging from the price increase. Specifically, BTC funding rates on several major platforms, including Binance, have fallen below the 0.005% threshold, with several platforms showing negative values. The bearish signal is even more prevalent for ETH, with Binance rates below the 0.005% threshold and several platforms showing negative rates. Short sellers are continuously paying fees to long positions on these platforms to maintain their holdings. See the attached chart for specific funding rates for major cryptocurrencies. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain a balance between the contract price and the underlying asset price, typically applicable to perpetual contracts. It is a funding fee mechanism 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 price of the underlying asset. A funding fee of 0.01% represents the benchmark rate. A funding fee greater than 0.01% indicates a generally bullish market. A funding fee less than 0.005% indicates a generally bearish market.