Current mainstream CEX and DEX funding rates show that BTC and ETH have been in a continuous bearish range, with market sentiment remaining gloomy.

April 19th — Per HTX market data, Bitcoin (BTC) is currently trading at $75,376.87 with a 2.26% 24h drop; Ethereum (ETH) is at $2,325.41, down 3.51% over the same period. Coinglass data shows funding rates on major centralized exchanges (CEXs) signal a broad bearish outlook for both BTC and ETH, with market sentiment remaining subdued. Notably, BTC funding rates on most top platforms (including Binance) are negative, meaning shorts are paying ongoing fees to longs. Rates across platforms fall within a broad bearish range. For ETH, Binance and similar exchanges see rates in the -0.007% to -0.009% range—deeper in negative territory. While some platforms show slight positive rates, none exceed 0.005%, underscoring stronger overall short pressure on ETH than BTC. BlockBeats Note: Funding rates are fees set by crypto exchanges to align perpetual contract prices with underlying asset prices. They facilitate fund transfers between long and short traders; exchanges do not collect these fees. The mechanism adjusts traders’ holding costs or profits to keep contract prices close to underlying asset values. Rate Baseline: A 0.01% funding rate is the benchmark. Rates above 0.01% indicate a bullish market; rates below 0.005% signal a bearish market.