According to Coinglass, Bitcoin briefly climbed above $72,000 on April 8 as bearish sentiment in perpetual futures eased, though funding rates across major CEXs and DEXs remained below the 0.01% benchmark.
Bitcoin briefly rose above $72,000 on April 8, while Coinglass data indicated that bearish sentiment in perpetual futures was weakening across major centralized and decentralized exchanges. The report said 0.01% is the benchmark funding rate, and readings below 0.005% typically signal a bearish market. The update suggests derivatives positioning improved compared with the prior report, even though funding rates remained below the benchmark level associated with more balanced or bullish sentiment.