BTC, ETH and Altcoin Funding Rates Turn Positive on Major Exchanges as Prices Recover

Bitcoin briefly fell below $73,000 in early trading on Feb. 4 before rebounding above $76,000, Coinglass data show. Funding rates on major centralized and decentralized derivatives platforms turned positive for BTC, ETH and altcoin contracts as prices recovered, with overall sentiment gradually moving toward neutral despite lingering bearish positions. Funding rates are a fee mechanism between long and short traders on perpetual contracts designed to keep contract prices aligned with the underlying asset, where readings above 0.01% typically signal bullish sentiment and levels below 0.005% indicate bearish positioning.