Noticing an interesting trend in the market — cryptocurrency funding rates on major exchanges have returned to a neutral stance. After the market climbed earlier today, funding for most assets has leveled out again. According to Coinglass, although BTC, HYPE, BCH, and ZEC still show negative indicators, the overall situation has changed.

For those who are not in the know — cryptocurrency funding rates (funding rates) are essentially a mechanism used by exchanges to keep futures prices close to the spot price. When the rate is positive, it means more people hold long positions; when negative — the opposite. A neutral level (around 0.01%) usually indicates a market balance.

It's interesting to observe how cryptocurrency funding rates react to market recovery. It’s clear that demand has not yet overtaken supply, but the panicked sell-off is already behind us. Perhaps this is a sign that the market is stabilizing.