Yesterday, I looked into the funding rate trends of mainstream cryptocurrencies. ETH's 8-hour average funding rate is at 0.0014%, indicating a slight positive value. What does this mean? Overall, the bullish forces in the market still dominate. Although some exchanges experienced negative rates in the short term, those were fleeting, and most of the time the entire network maintains a positive rate, indicating that bullish sentiment remains the mainstream outlook.

The performance of BTC and SOL is also worth noting. This slight positive funding rate typically reflects that market participants are still actively positioning. Of course, the rate is just one of the reference indicators; specific trading strategies should still be based on your own risk management.