BlockBeats News, August 30, according to HTX market data, as of 13:30 Beijing time, Bitcoin is currently trading at $78,116.87, with a 24-hour gain of 0.65%; Ethereum is currently trading at $2,453.60, with a 24-hour gain of 0.59%.

According to CoinGlass data, the BTC funding rate and trading volume-weighted funding rate are 0.0069% and 0.0064% respectively, both in the neutral range; the ETH funding rate is 0.0075%, in the neutral range, and the trading volume-weighted rate is 0.0102%, slightly above the base rate, indicating a bullish bias in the weighted index.

BlockBeats Note: Funding rates are a mechanism for fund exchanges between long and short traders to keep the perpetual contract price close to the underlying asset price. In the context of this article, 0.01% is the base rate, above 0.01% is considered bullish, and below 0.005% is considered bearish; the funding rate does not independently predict price trends.