Despite the market being in a downturn, traders remain bullish on BTC

ChainCatcher news, according to Decrypt, based on data from CoinGlass, despite the recent market crash, the funding rates for Bitcoin and Ethereum contracts remain bullish.

On Tuesday morning, the funding rate for Bitcoin's open contracts was 0.0024%. This indicates that there are more traders opening long positions than those opening short positions. Therefore, measured by Bitcoin derivatives activity, the current market sentiment remains slightly above negative sentiment. The price crash has not completely eliminated the bullish sentiment among Bitcoin holders.