Bitcoin Sees 4th Dip in Funding Rates This Year — What Does This Mean For BTC?
Summary
Bitcoin is trading at $94,288, having gained 1.6% in the last 24 hours and nearly 15% over the past two weeks, approaching the $100,000 mark. Despite rising prices, Bitcoin's funding rates have dipped into negative territory, indicating a cautious market sentiment. This marks the fourth instance this year of negative funding rates occurring above $94,000, suggesting potential market exhaustion or profit-taking among traders. Increased whale accumulation on exchanges like Binance and Coinbase indicates growing confidence among US investors. The Coinbase premium remains positive, reflecting stronger demand from US participants and suggesting a broader shift in market structure driven by renewed capital inflows and institutional interest.
