BTC shows neutral, ETH slightly bearish in funding rate data

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BTC
$79,419.90-1.16%
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ETH
$2,509.90-0.38%
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As of August 28, 2026, funding rates indicate a neutral stance for Bitcoin at $79,564.25, with a 1.24% increase over 24 hours. Ethereum, at $2,482.63, declined 0.07% and shows a bearish trend. Bitcoin’s weighted funding rate is 0.0070%, while Ethereum’s is 0.0027%. Bitcoin’s trading volume rate is 0.0057%, and Ethereum’s is 0.0039%. Both remain below the 0.01% bullish benchmark.

ChainThink report: On August 28, according to market data, Bitcoin is trading at $79,564.25, up 1.24% over the past 24 hours;

Ethereum is currently trading at $2,482.63, down 0.07% over the past 24 hours. According to CoinGlass data, the BTC open interest and trading volume-weighted funding rates are 0.0070% and 0.0057% respectively, both within neutral territory.

The two weighted funding rates for ETH are 0.0027% and 0.0039%, both in the bearish range, indicating significantly weaker market sentiment compared to BTC.

Funding rate is the mechanism through which funds are exchanged between long and short positions in perpetual contracts. Based on the observation criteria in this article, a rate of 0.01% is considered the baseline; rates above 0.01% indicate a bullish bias, while rates below 0.005% indicate a bearish bias. The funding rate does not independently predict price movements.

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