BTC and ETH Funding Rates Rise Above Bearish Thresholds

Bitcoin and Ethereum perpetual contract funding rates climb above 0.005%, signaling a shift from bearish sentiment while remaining below bullish levels.

Woofun AI data shows that Bitcoin trades at $63,563.03 with a 0.71% daily gain, while Ethereum sits at $1,878.80 with a 0.46% increase. Data reveals BTC volume-weighted funding rates at 0.0079% and ETH at 0.0054%, both exiting the bearish zone defined by rates below 0.005%. Although these figures indicate improved market sentiment compared to previous lows, they remain under the 0.01% neutral threshold, suggesting traders have not yet adopted a widespread bullish stance.