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