Bitcoin and Ethereum Show Bearish Market Sentiment

Market data shows investors hold a cautious outlook on both Bitcoin (BTC) and Ethereum (ETH). This bearish sentiment is indicated by the funding rates, according to BlockBeats. These rates, used by cryptocurrency exchanges to maintain price parity between contracts and underlying assets, reflect market dynamics. Specifically, they involve the exchange of funds between long and short traders without fees, adjusting contract costs or profits and keeping them aligned with asset prices.