Crypto Market Rebounds, Funding Rate Indicates Easing ETH Bearish Sentiment, Multiple Platforms Still Show Negative BTC Funding Rates
March 31st — Per Coinglass data, the crypto market rebounded Tuesday. Bitcoin is trading at $68,171, up 2.34% over the past 24 hours; Ethereum sits at $2,079.76, a 3.53% gain in the same period.
Funding rates across major CEXs and DEXs reveal ETH’s bearish sentiment has eased from prior levels, while BTC lags: multiple platforms still show negative BTC funding rates, marking a clear divergence between the two.
**Details:**
- ETH funding rates on several platforms have climbed back to the +0.0100% benchmark, with bearish signals weakened notably from earlier.
- BTC rates: Binance and other platforms remain in negative territory (shorts pay longs to hold positions). Some platforms have turned positive, but all stay below the 0.005% threshold — not yet neutral.
Check the attached image for specific mainstream crypto funding rates.
**BlockBeats Note:** Funding rates are set by crypto exchanges to align contract prices with underlying asset prices, typically for perpetual co
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FTX/Alameda transferred 4,126,000 ZRO to Wintermute 8 hours ago
March 31st — On-chain analytics firm Emberdata reports FTX/Alameda transferred 4,126,000 ZRO (valued at ~$8.17 million) to Wintermute 8 hours ago.
Subsequently, ZRO’s price dropped 6% within hours, falling from $1.98 to $1.85.
The wallet still holds 30,750,000 ZRO (~$58.12 million), representing roughly 10% of ZRO’s current circulating supply.
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Peter Brandt: Not Bullish on Bitcoin Seeing New High This Year, Expects Retest of $60K in September or October
**Bitcoin Unlikely to Hit New ATH in 2026: Peter Brandt, Predictions Markets – Cointelegraph**
Renowned trader and chart analyst Peter Brandt—who accurately forecast Bitcoin’s sharp 2018 decline—joined predictions market users in doubting the crypto will reach a new all-time high (ATH) in 2026, per a March 31 Cointelegraph report.
Brandt stated: “I don’t believe Bitcoin will hit a new ATH in 2026—maybe not until Q2 2027.” He added, “It’s all speculation.” On Polymarket, the probability of Bitcoin returning to $120,000 in 2026 stands at just 15%.
Regarding the year’s low, Brandt noted the $60,000 level hit Feb. 6 may not be the yearly bottom. He expects a retest in September/October 2024, with a potential “slight dip” marking the bear market’s bottom and the start of a new bull phase. His long-term Bitcoin thesis remains unchanged: “Bitcoin’s narrative is wealth storage, and utility built on it could impact price.” He also holds a neutral or bearish stance on all other cryptocu
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The NFL has requested Kalshi and Polymarket to delist a potentially manipulable contract, and the CFTC has stated it will respect the league's decision.
March 31 – The Block reports the National Football League (NFL) has sent letters to prediction market platforms Kalshi and Polymarket, asking them to refrain from offering contracts tied to easily manipulable or predetermined events. Commodity Futures Trading Commission (CFTC) Chairman Michael Selig later noted the league would be granted significant regulatory leeway.
Per ESPN, the NFL outlined specific contract categories in the letter: individual game occurrences (e.g., whether a quarterback’s first pass is incomplete or a kicker makes an error), contracts tied to draft picks and roster moves, and contracts linked to broadcast mentions or celebrity appearances. The league also flagged concerns over field goal and player injury-related markets, noting those contracts could create incentives for manipulation.
In an interview, Selig said: “If a league identifies a contract as easily manipulable, we’ll assess the associated risks. Leagues are well-positioned to make those calls.”
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