As of January 15th, data from Coinglass shows the crypto market fully returned to a neutral state yesterday following a recent pullback. However, with Bitcoin reclaiming the key $97,000 level, current funding rates across major centralized (CEXs) and decentralized (DEXs) exchanges indicate the market is attempting a “topping short” move. Bitcoin’s funding rates on leading platforms have flipped bearish, while altcoins have once again posted negative funding rates. Specific rates for major coins are available in the attached image. **BlockBeats Note**: Funding rates are fees set by crypto exchanges to align perpetual contract prices with underlying asset prices. They facilitate fund transfers between long and short traders — exchanges do not collect this fee. The mechanism adjusts traders’ holding costs or profits to keep contract prices close to spot prices. Rate interpretation: – 0.01% = baseline rate – >0.01% = generally bullish market – <0.005% = generally bearish market
