Altcoin Funding Rates on Major CEXs and DEXs Rebound as Bitcoin Nears $90,000

Funding rates on major centralized and decentralized exchange altcoin trading pairs returned to neutral levels on Jan. 2 following recent gains, Coinglass data show. As Bitcoin approached the $90,000 resistance level, market sentiment turned bearish, though overall funding rates remained positive—contrasting with earlier weakness when BTC and ETH held neutral rates while altcoins showed negative rates. Funding rates are used in perpetual contracts to align contract prices with spot prices through payments between long and short traders, with levels above 0.01% indicating bullish sentiment and below 0.005% reflecting bearish outlook, BlockBeats reports.