**January 2nd** Data from Coinglass shows the altcoin market is warming up: Some altcoin trading pairs on major CEX/DEX platforms have returned to neutral funding rates following price gains for select altcoins today. However, as Bitcoin (BTC) nears the $90,000 resistance level again, the market is shifting bearish — contrasting with the prior downturn, where BTC and ETH held neutral rates while altcoins broadly had negative rates. Specific funding rates for mainstream coins are listed in the attached image. **BlockBeats Note** Funding rates are set by crypto exchanges to align perpetual contract prices with underlying asset prices. They facilitate fund transfers between long and short traders (the platform does not charge this fee) and adjust the cost/profit of holding contracts to keep contract prices close to underlying asset values. **Rate Interpretation** – 0.01% = baseline rate – >0.01% = bullish market – <0.005% = bearish market
