BTC approaches $90,000, altcoin fee structure reverses — from negative fees to a neutral market shift

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【Blockchain Rhythm】Yesterday, some altcoins experienced a rebound, but interestingly, market sentiment was not as optimistic as the price increase suggests. According to funding rate data from mainstream CEX and DEX platforms, the altcoin market has indeed shown signs of warming—many platforms’ altcoin trading pairs have moved from deep negative funding rates back to neutral territory.

This shift itself is quite telling. Remember the sluggish market period? The scene then was: Bitcoin and Ethereum maintained neutral funding rates, while altcoins were deeply in negative funding territory. Now, the situation has reversed, indicating that funds are quietly flowing into the altcoin market.

But don’t get too excited too early. As altcoin funding rates begin to recover, Bitcoin has once again approached the critical resistance of $90,000. The appearance of this price point immediately changed market sentiment—many traders started to turn bearish, worried about a pullback after a strong rally. Currently, the overall market funding rate data has not entered a clearly negative zone, indicating that bearish sentiment is rising but has not yet become dominant.

To briefly explain how funding rates work: perpetual contract platforms use them to balance long and short positions. When the rate exceeds 0.01%, it indicates a more bullish market; below 0.005%, it reflects a bearish outlook. Although this number may seem insignificant, it real-time reflects traders’ most genuine leverage attitudes.

BTC2.6%
ETH4.27%
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CoffeeNFTsvip
· 2h ago
The issue of rate reversal... to put it simply, it's just funds moving around, but is the 90,000 level really that tough?
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HypotheticalLiquidatorvip
· 2h ago
Is the rate reversal all there is to it? Once BTC breaks the 90,000 mark, that small rebound in altcoins becomes a funeral for the bagholders. --- Improving negative rates? Don't be fooled by appearances; capital flow doesn't equal safety. Beware of chain reactions of liquidations. --- Key resistance is right in front of us. Those still leveraging now should know that the liquidation price is closer than you think. --- While altcoin rates recover and BTC hits 90,000... this rhythm is very dangerous. The dominoes are about to fall. --- Market sentiment turns bearish instantly. The health factors haven't even reached the warning line yet; this is normal risk control. --- Is capital quietly flowing into altcoins? I think it's looking for the next wave of bagholders. --- Once 90,000 is broken, all those negative rate "signals" become traps. --- Celebrating from negative rates to neutral? The real test of deleveraging has just begun. --- While BTC hits resistance, altcoins rebound. No matter how you look at it, this seems like a trap to lure more buyers. --- The rate data lights up but doesn't turn green. Be cautious.
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SleepyArbCatvip
· 2h ago
The fee rate has flipped from negative to positive, and funds are quietly running to knockoff projects? This cat needs to open its eyes... Is this $90,000 really that tough at this critical point?
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FromMinerToFarmervip
· 3h ago
Fee rate reversal, just go ahead and reverse it. Anyway, BTC is about to break 90,000, and altcoins can't even sustain this small rebound.
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FreeMintervip
· 3h ago
The fee rate has shifted from negative to neutral, and funds are indeed moving, but once the 90,000 level appears, traders start to get hesitant again. It's a typical chasing gains and selling declines mentality.
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