Trading Platform Funding Rate Indicates Strong Bearish Sentiment in the Market, with Major Coins Showing Negative Values

**February 2nd Crypto Brief** Per Coinglass data, Bitcoin dropped below $75,000 at noon today—falling below the strategy’s cost basis—sparking widespread market panic. Current funding rates across major centralized (CEX) and decentralized (DEX) exchanges signal strong bearish sentiment: **none of BTC, ETH, or SOL funding rates are in positive territory**. Notably, bearishness toward altcoins lags that of mainstream coins; most major altcoins’ funding rates also remain non-positive. Specific rates are detailed in the attached chart. --- **BlockBeats Note** Funding rate is a perpetual contract mechanism designed to align contract prices with underlying asset values. It facilitates fund exchanges between long and short traders—exchanges do not collect this fee—adjusting traders’ holding costs/profits to keep contracts closely tied to underlying assets. **Rate Benchmarks**: - 0.01% = baseline - >0.01% = bullish trend - <0.005% = bearish trend