Current mainstream CEX and DEX funding rates show the bearish momentum for BTC is weakening, while most platforms indicate that ETH is still in a bearish range.
June 13 — Per HTX market data, Bitcoin is currently trading at $63,552, with a 24-hour price change of +0.07%. Ethereum sits at $1,665, down 0.41% over the same window. Following a recent sharp sell-off, both assets have rebounded notably, with Bitcoin reclaiming the $63,000 level.
Funding rates on major centralized exchanges (CEXs) reflect shifting market sentiment: Most Bitcoin funding rates have turned positive, signaling improving optimism. For Ethereum, however, the outlook is far more muted — ETH funding rates remain mostly bearish, with its recovery lagging significantly behind Bitcoin’s.
On Bitcoin: While a handful of platforms still post funding rates below the 0.005% bearish threshold, overall bearish pressure has largely lifted. The funding rate structure has shifted from outright bearish to neutral and slightly warm. That said, top exchanges have not collectively crossed above the 0.01% benchmark, so formal bullish signals are still pending confirmation.
Ethereum’s recov
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Standard Chartered Bank: Bitcoin May Have Bottomed Around $59,000, Crypto Winter Over
On June 13, Standard Chartered analyst Geoffrey Kendrick stated in a Friday research note that the low point of Bitcoin’s current market cycle may have already formed around $59,000, signaling the end of the crypto market’s downturn phase. Kendrick noted this cycle low represents a 53% drop from Bitcoin’s historical high of $126,000 set on October 6, adding, “Winter is over, welcome back to the crypto spring.” Data shows Bitcoin hit a low of $59,375 on June 5 and is currently trading near $64,000. Kendrick forecasts Ethereum will reach $4,000 and Bitcoin will hit $100,000 by the end of the year.
Kendrick identifies two key factors driving this market turnaround. First, the crypto sector has faced some of the heaviest selling pressure since the U.S. spot Bitcoin ETF launched in recent weeks, with cumulative redemptions exceeding $5.72 billion since the second week of May. He explained that some ETF holders are liquidating positions to free up cash for the SpaceX IPO, an event he believ
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Yesterday, Bitcoin ETF saw a net inflow of $85.9 million, while Ethereum ETF experienced a net outflow of $4.9 million.
June 13 – Per data from Farside Investors, U.S. spot Bitcoin ETFs saw a net inflow of $85.9 million yesterday, with BlackRock’s IBIT bringing in $57.7 million in net capital. By contrast, U.S. spot Ethereum ETFs recorded a net outflow of $4.9 million, where ETHA alone logged a net outflow of $4.5 million.
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Market buying sentiment in the United States has rebounded, with the Coinbase Bitcoin Premium Index turning positive for the second consecutive day.
June 13: Coinbase Bitcoin Premium Index Turns Positive After 24 Days, Signaling U.S. Buying Sentiment Rebound
Per Coinglass data, the Coinbase Bitcoin Premium Index has remained positive for two consecutive days, currently standing at 0.208%. U.S. market buying sentiment is starting to recover after 24 straight days of negative premium.
BlockBeats Note: The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on Coinbase—a leading U.S. crypto exchange—and the global average Bitcoin price. It is a critical metric for tracking U.S. capital inflows, institutional investment interest, and shifts in overall market sentiment.
A positive premium means Coinbase’s Bitcoin price trades above the global average, typically indicating strong U.S. buying pressure, active entry of institutional or compliant funds, ample U.S. dollar liquidity, and generally optimistic investment sentiment. Conversely, a negative premium means Coinbase’s Bitcoin price sits below the global a
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Analysis: ETH Futures Market Shows Bearish Signal, but Staking Demand and BitMine Holding May Limit Downside
June 13. A bearish signal has emerged in the ETH futures market. Per data, the annualized funding rate for ETH perpetual futures flipped negative on June 5, meaning short traders are paying a premium to hold their positions. ETH has slumped 30% over the past five weeks, yet long traders still aren’t willing to ramp up their risk exposure. Total open interest for ETH futures is down 30% from a month ago, hitting a 13-month low. Adding to the pessimism: U.S. Ethereum spot ETFs saw a net outflow of $323 million in the last two weeks, signaling weak institutional demand.
On-chain activity is also under strain. Ethereum’s total value locked (TVL) has fallen 33% to $37.5 billion over the past two months, and May’s DApp revenue dropped 43% compared to the prior six months—typically a sign of slowing network fees and weaker ETH utility demand. But staking demand tells a different story, standing in stark contrast to the derivatives market’s gloom. Right now, the wait time for ETH staking vali
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A certain whale longed SPCX with 5x leverage for a value of $9.09 million
June 13 — According to Onchain Lens monitoring, a crypto whale opened a 5x-leveraged long position for 54,986 SPCX, worth an estimated $9.09 million. The whale also holds a 25x-leveraged short position on 320.74 BTC, valued at roughly $20.4 million, with an unrealized gain of more than $1.18 million.
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