BlockBeats News, June 13th, according to HTX market data, Bitcoin is currently trading at $63,552.00, with a 24-hour change of 0.07%; Ethereum is currently trading at $1,665.00, with a 24-hour change of -0.41%. Compared to the previous sharp decline, the prices have significantly recovered, with BTC reclaiming the $63,000 level. The current mainstream CEX funding rates show that the BTC rates have generally turned positive, with sentiment improving, while most platforms still indicate a bearish sentiment for ETH, with a weaker recovery compared to BTC.

Regarding BTC, several platforms are still below the 0.005% threshold. Overall, the bearish pressure on BTC has largely dissipated, with the funding rate structure shifting from bearish to neutral to slightly warm. However, the major platforms have not collectively crossed above the baseline, and bullish signals are still pending confirmation. As for ETH, the recovery progress lags behind BTC. The funding rates on major ETH platforms generally remain bearish, with sentiment recovery significantly weaker than BTC, showing insufficient bullish momentum.

BlockBeats Note: Funding rates are rates set by cryptocurrency exchanges to maintain a balance between the contract price and the underlying asset price, typically applicable to perpetual contracts. It is a funding exchange mechanism between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.

When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is above 0.01%, it represents a generally bullish market. When the funding rate is below 0.005%, it represents a generally bearish market.