The current popular CEX and DEX funding rate displays show that BTC and ETH have been continuously in a bearish range.

On April 12, per HTX market data, Bitcoin is trading at $71,697.20—down 1.80% over the past 24 hours—while Ethereum sits at $2,219.54, a 1.27% drop in the same period. Coinglass data shows funding rates across major centralized (CEXs) and decentralized (DEXs) exchanges point to bearish signals for both BTC and ETH, with market sentiment remaining muted. Specifically, Bitcoin’s funding rate is negative on platforms like Binance: shorts are continuously paying fees to longs to maintain their positions, indicating an overall bearish trend. For Ethereum, rates are negative on Binance, while platforms like OKX see positive rates but all fall below the 0.005% bearish threshold—also signaling a broad bearish trend. Funding rates for specific major coins are displayed in the attached chart. BlockBeats Note: Funding rate is a mechanism set by crypto exchanges to align perpetual contract prices with the underlying asset’s spot price. It involves a fund transfer between long and short traders; the exchange does not charge this fee. Its purpose is to adjust the cost or profit of traders holding contracts, keeping contract prices close to the underlying asset’s price. A 0.01% funding rate serves as the baseline: rates above 0.01% indicate a generally bullish market, while rates below 0.005% signal a bearish market.