Bitcoin Funding Rates Stay Negative Despite Price Gains — What This Means

Bitcoin may be entering a familiar but often misunderstood stage of the market cycle. Even as price action shows resilience, derivatives positioning tells a different story, with funding rates remaining bearish and suggesting many traders are still positioned defensively or betting against sustained upside.  Comparing Current Conditions To Previous Bitcoin Recoveries Bitcoin has now entered a disbelief phase as funding rates stay bearish. Analyst Darkfost has highlighted on X that funding rates have remained negative even as the BTC price continues to move higher. Related Reading: Bitcoin Rally Catches Shorts Offside—$200M Liquidated As Price Hits $79,000 Meanwhile, this BTC chart offers a different perspective from what is usually observed. It shows the 30-day cumul...