CryptoQuant: BTC Funding Rate Turns Negative, Market Bearish Sentiment Intensifies

Odaily News CryptoQuant published an analysis stating that Bitcoin's funding rate on the Binance platform has plunged deeply into negative territory, currently at -0.0045, indicating that bearish forces clearly dominate the market. Analysts pointed out that the neutral funding rate on Binance is 0.01%, and the current value has entered an extreme zone, suggesting a significant accumulation of short positions and a clear bearish consensus among investors. Historical data shows that similar extreme situations often signal a potential market reversal. Technical analysis identifies $74,000 and $69,000 as two key price levels, and investors can monitor these levels for trading decisions.