Current funding rates across major CEXs and DEXs indicate a neutral-to-bearish market sentiment.

On October 18, Bitcoin stood at $81,758.98, up 0.22% in 24 hours; Ethereum was at $2,416.25, down 0.69% in 24 hours, according to HTX market data. CoinGlass data shows that BTC's open-interest-weighted funding rate is 0.0055%, and its volume-weighted funding rate is 0.0053%; both ETH weighted rates are 0.0057%, with both in neutral territory. Some trading platforms are in bearish territory, and sentiment in the ETH futures market is slightly stronger than in BTC. Note: CoinGlass converts funding rates across platforms to a uniform 8-hour basis. The funding rate is a long-short funding exchange mechanism designed to keep perpetual contract prices close to spot prices; 0.01% is the baseline rate, with levels above 0.01% indicating a bullish market bias and levels below 0.005% indicating a bearish market bias.