BlockBeats News, June 18th, according to HTX market data, Bitcoin is currently trading at $64,106.46, with a 24-hour decrease of 1.16%; Ethereum is currently trading at $1,747.67, with a 24-hour decrease of 1.41%. The current funding rates on major CEXs and DEXs indicate a weakening bearish sentiment. Regarding BTC, the funding rates on various platforms are mostly turning positive but still mostly below the baseline. Overall, the BTC funding rate structure is neutrally bearish, with bullish momentum being moderate but not yet collectively above the baseline. As for ETH, the sentiment is slightly stronger than BTC. The funding rates on most mainstream platforms for ETH have crossed the 0.005% threshold, generally in a neutral range. The recovery of long positions is slightly faster than BTC, but an effective long signal has not yet formed.

BlockBeats Note: Funding rates are rates set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a fund 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 represents the baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.