Crypto Funding Rates Indicate Indecision: BTC, ETH Show No Strong Bias

• Crypto funding rates turn neutral (~0.01%) across exchanges, signaling market indecision
• BTC, ETH funding flat despite minor price gains, reinforcing lack of conviction
• Altcoins show localized bias: SOL, XRP, DOGE rates vary significantly by exchange

Crypto funding rates across major centralized and decentralized exchanges settled near neutral levels this week, signaling a balanced market lacking strong directional conviction from derivatives traders, according to Coinglass data.

Bitcoin and Ethereum funding rates largely mirror this neutrality, hovering near the 0.01% mark. BTC rates showed minimal platform variation (0.0053% to 0.0100%), with ETH displaying a similar tight range (0.0056% to 0.0100%).. 

This neutral funding stance occurred even as Bitcoin rose 1.9% daily to trade at $83,586 and Ethereum gained 2.2% to $1,813. The divergence suggests the recent price appreciation lacked aggressive backing from perpetual futures traders, reinforcing the view of a market in a holding pattern. 

These figures therefore, point to a lack of strong directional conviction among traders. The consistent neutral readings across multiple platforms suggest the marke…

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