Bitcoin and Ether Fell as Funding Rates Stayed in Neutral Range

Bitcoin (BTC) and Ether (ETH) prices declined over 24 hours on Oct. 24, while four weighted perpetual futures funding-rate readings remained between the levels used to describe broadly bullish and bearish positioning. Bitcoin traded at $80,669.49, down 1.31% over 24 hours. Ether was at $2,367.01, a 1.52% decline. Bitcoin’s open-interest-weighted and volume-weighted funding rates were 0.0081% and 0.0074%, respectively. Ether’s readings were 0.0078% and 0.0082%. A funding rate of 0.01% is the base rate. Rates above 0.01% indicate broadly bullish positioning, while rates below 0.005% indicate broadly bearish conditions.