coin-img-ETHETH-1.12%coin-img-HYPEHYPE+6.50%coin-img-XAUTXAUT-4.89%coin-img-ASTERASTER-2.30%coin-img-BIRBBIRB+3.68%coin-img-BTCBTC+1.57%coin-img-SOLSOL+3.83%coin-img-XRPXRP-1.08%coin-img-ETHETH-1.12%coin-img-HYPEHYPE+6.50%coin-img-XAUTXAUT-4.89%coin-img-ASTERASTER-2.30%coin-img-BIRBBIRB+3.68%coin-img-BTCBTC+1.57%coin-img-SOLSOL+3.83%coin-img-XRPXRP-1.08%coin-img-ETHETH-1.12%coin-img-HYPEHYPE+6.50%coin-img-XAUTXAUT-4.89%coin-img-ASTERASTER-2.30%coin-img-BIRBBIRB+3.68%coin-img-BTCBTC+1.57%coin-img-SOLSOL+3.83%coin-img-XRPXRP-1.08%coin-img-ETHETH-1.12%coin-img-HYPEHYPE+6.50%coin-img-XAUTXAUT-4.89%coin-img-ASTERASTER-2.30%coin-img-BIRBBIRB+3.68%coin-img-BTCBTC+1.57%coin-img-SOLSOL+3.83%coin-img-XRPXRP-1.08%

Bitcoin climbs back above $88,000 as Coinglass data show funding rates point to softer bearish positioning

Bitcoin rose back above $88,000 on January 27, trading around $88,408, based on Coinglass data cited by BlockBeats. Funding rates on major centralized and decentralized exchanges show that overall bearish positioning has eased compared with the previous day, although short interest in altcoins remains strong. BlockBeats explained that funding rates are a mechanism on cryptocurrency trading platforms, mainly for perpetual contracts, that keep contract prices aligned with underlying asset prices through payments between long and short traders rather than platform fees. According to BlockBeats, a funding rate of 0.01% is seen as the benchmark, with levels above 0.01% indicating a broadly bullish stance and rates below 0.005% signaling a generally bearish view.
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BTC+1.57%
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