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According to ChainCatcher, Coinglass data shows that the current funding rates on major CEXs and DEXs indicate a divergence in market sentiment, with both bearish and neutral outlooks coexisting. The specific funding rates for major cryptocurrencies are shown in the attached chart. Note: Funding rates are fees set by cryptocurrency trading platforms to maintain a balance between contract prices and the prices of underlying assets, typically applied to perpetual contracts. This mechanism facilitates the exchange of funds between long and short traders; the platform itself does not collect this fee. It is used to adjust the cost or yield of holding a contract, helping to keep contract prices close to those of the underlying assets. When the funding rate is 0.01%, it represents the benchmark rate. If the funding rate is higher than 0.01%, it indicates a generally bullish market sentiment. If the funding rate is below 0.005%, it suggests a generally bearish market sentiment.

According to ChainCatcher, citing CoinDesk, after significant outflows from US spot-linked ETFs led to sharp declines in Bitcoin and Ethereum prices, both cryptocurrencies have begun to stabilize. The latest round of US tariffs and the Federal Reserve's interest rate stance have intensified market volatility, but opportunistic buying is emerging. Although ETF investors remain cautious, keeping overall market sentiment hesitant, institutional liquidity is helping to ease the volatility.