As of Feb. 20, Coinglass data shows Bitcoin remains range-bound, with funding rates on major centralized and decentralized exchanges signaling broad bearish sentiment in perpetual futures markets.
On Feb. 20, Coinglass data indicated Bitcoin continues to trade within a narrow range, with funding rates across major centralized and decentralized exchanges pointing to broad bearish sentiment. Funding rates, which track the cost or yield for holding perpetual contracts, help keep their prices aligned with spot market values. Rates significantly below the baseline suggest traders are more inclined toward short positions, reinforcing the prevailing cautious market tone.