Current mainstream CEX and DEX funding rates indicate a slight easing of the bearish trend, with ETH showing more prominent signs of a rebound.

April 29 — Per HTX market data, Bitcoin is currently trading at $77,310.04, up 0.52% over the past 24 hours. Ethereum, meanwhile, sits at $2,334.44 with a 1.93% 24-hour gain. Mainstream centralized exchange (CEX) funding rates show a weakening bearish trend, with Ethereum showing clearer signs of warming sentiment. **Bitcoin (BTC)**: Most platforms have posted negative funding rates, and exchanges like OKX still lean short. Overall, short-side pressure on BTC remains unrelieved, and the fee structure still signals bearishness. **Ethereum (ETH)**: Funding rates on major platforms (including Binance) cluster in the 0.005% to 0.006% range—away from prior bearish levels but not yet hitting the 0.01% benchmark. ETH’s rates are generally stronger than BTC’s, with a clear uptick in bullish momentum. *BlockBeats Note*: Funding rates are set by crypto exchanges to align perpetual contract prices with underlying asset values. They act as a fund exchange between long and short traders (the platform does not charge these fees) to adjust holding costs/profits and keep contracts near spot prices. A 0.01% rate is the benchmark: rates above 0.01% indicate broad bullish sentiment, while rates below 0.005% signal broad bearishness.