BTC and ETH Funding Rates Drop Below 0.005% Bearish Threshold Despite Minor Price Rebound

Bitcoin and Ethereum perpetual funding rates fall under the 0.005% bearish line, signaling persistent weak sentiment despite slight price gains.

Woofun AI data shows that Bitcoin trades at $64,314.13 with a 0.44% daily gain, while Ethereum sits at $1,878.63 with a 1.16% increase. Despite this minor rebound, perpetual contract sentiment remains weak. Data reveals BTC open interest and volume-weighted funding rates at 0.0043% and 0.0029%, respectively. ETH rates stand at 0.0028% and 0.0018%. Both assets remain below the 0.005% bearish threshold, indicating stronger bearish pressure on ETH compared to BTC.