Bitcoin Funding Rate Returns to Neutral as Altcoins Bearish Sentiment Intensifies, CEX and DEX Funding Rates Show
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
Shorts pay
COINOTAG News, October 31, citing Coinglass data, shows funding rates across major CEX and DEX venues shifting after a recent market downturn. Traders have sharpened their bearish stance on altcoins, while the Bitcoin funding rate has returned to neutral.
Funding rate is a periodic fee on perpetual contracts aimed at aligning contract prices with the underlying asset. This cross-trader mechanism transfers payments between long and short positions and reflects prevailing market sentiment.
Across both CEX and DEX venues, readings point to cautious positioning, with Bitcoin near neutral and altcoins under headwinds. The data signals a risk-off bias that may affect leverage and hedging choices.
Traders should monitor the funding rate as a near-term barometer and combine it with risk controls, liquidity needs, and macro cues to navigate potential volatility.