After the "US-Iran conflict" ordeal, current market bearish sentiment has eased.

BlockBeats News, March 1st – Yesterday, the United States launched a military strike against Iran, causing the market to drop in response. Bitcoin briefly fell to $63,000. As the U.S. action achieved some interim results, the market generally rebounded. At the time of writing, Bitcoin once broke through $68,000, and Ethereum returned above $2,000.

It is worth noting that, according to Coinglass data, after the market experienced a "drop followed by a rise" during this conflict, bearish sentiment has eased to some extent. The funding rates for major cryptocurrencies, including altcoins, have mostly returned to neutral, as shown in the chart.

BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applied to perpetual contracts. It is a mechanism for capital exchange between long and short traders. The trading platform does not charge this fee; it is used to adjust the cost or profit of holding contracts, keeping contract prices close to the underlying asset prices.

When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.