Bitcoin rebounds 1.60% to $63,671.32 as funding rates remain bearish

HTX data on June 20 showed Ether up 1.64% to $1,723.81, but Coinglass readings indicated derivatives sentiment for both assets was still broadly negative.

BTC
ETH

Summary

Bitcoin traded at $63,671.32 on June 20, up 1.60% over 24 hours, while Ether rose 1.64% to $1,723.81, according to HTX data. The price rebound came alongside continued caution in derivatives markets, with Coinglass funding rates still in bearish territory for both assets. BTC funding rates remained below the threshold across platforms and roughly half of them were negative, pointing to persistent weak sentiment despite the gain. ETH positioning appeared slightly firmer than Bitcoin's, but overall funding-rate readings still suggested a bearish market tone.

Terms & Concepts
  • funding rates: Periodic payments in perpetual futures markets that reflect whether long or short positioning is dominant.