On February 15, according to Coinglass data, as Bitcoin rebounded and broke through $70,000, Ethereum also briefly surged past $2,100. Currently, the funding rates on major CEXs and DEXs indicate that although the market remains bearish, the bearish sentiment towards Ethereum has been significantly alleviated. Almost all platforms have returned ETH funding rates to neutral, as shown in the attached chart.

BlockBeats Note: Funding rates are rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, typically applicable to perpetual contracts. They are a mechanism for the exchange of funds between long and short traders. The trading platform does not charge this fee; it is used to adjust the cost or profit for traders holding contracts, ensuring that the contract price stays close to the underlying asset price. #Gate广场发帖领五万美金红包