Crypto market sees modest rally, BTC and ETH remain in bearish zone

Chainthink

Release Time: 06/20/2026 05:42:29

Summary

The crypto market experienced a modest rebound on June 20, 2026, with Bitcoin at $63,671.32, up 1.60% in 24 hours, and Ethereum at $1,723.81, rising 1.64%. Despite the rally, the bearish trend remains intact. BTC funding rates are below the neutral threshold, with half now negative. ETH funding rates also reflect a bearish trend, though most remain positive.

ChainThink report: On June 20, according to market data, Bitcoin is trading at $63,671.32, up 1.60% over the past 24 hours;

Ethereum is currently trading at $1,723.81, up 1.64% over the past 24 hours. The crypto market has seen a slight rebound, but funding rates indicate that both BTC and ETH remain in a bearish zone.

Among them, funding rates for BTC on all platforms are below the threshold, with half turning negative; the price rebound has failed to restore bullish sentiment in tandem. Funding rates for ETH across all platforms are also in the bearish range, but most remain positive, indicating slightly stronger market sentiment than BTC.

Funding rates are commonly used to gauge market sentiment in perpetual contracts, with 0.01% as the baseline rate; rates below 0.005% are generally considered a bearish signal.

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