The funding rates in the current perpetual contract market have significantly increased. According to IntoTheBlock data, the rates on some platforms have reached 10-20%. Nevertheless, this level is still lower than the peak during the bull market in the first quarter of this year. This indicates that the demand for crypto assets is recovering, investor sentiment is becoming optimistic, which may signal further growth potential in the market in the future. On-chain blockchain data analysis shows that liquidity remains healthy, supporting the continuation of this positive trend.