According to ChainCatcher and Coinglass data, Bitcoin's attempt to break $90,000 has stalled, currently trading at $89,627. Current funding rates on major CEXs and DEXs indicate a slight easing of bearish sentiment towards BTC and SOL, with some exchanges returning to neutral rates. However, widespread bearish sentiment towards altcoins persists. Specific funding rates for major cryptocurrencies are shown in the attached chart.
Note: Funding rates are fees set by cryptocurrency exchanges to maintain balance between contract prices and the underlying asset price, typically applicable to perpetual contracts. They serve as a mechanism for exchanging funds between long and short traders. Exchanges do not charge this fee; it is used to adjust the cost or profit of 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.

