According to ME News, on February 2nd (UTC+8), Coinglass data shows that as Bitcoin fell below $75,000 and below the Strategy holding cost price at midday, market panic spread. Currently, funding rates on major CEXs and DEXs show a highly bearish market, with none of the BTC, ETH, or SOL funding rates showing positive values. Notably, bearish sentiment towards altcoins is less intense than towards mainstream coins, with most mainstream altcoins still having negative funding 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, 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. When the funding rate is less than 0.005%, it indicates a generally bearish market sentiment. (Source: ME)












