Bitcoin’s Negative Funding Rate Sticks While BTC Trades Above $75K
Cointelegraph
Bitcoin's negative funding rate reflects bearish losses and liquidations rather than a shift in long-term institutional demand.Summary
Bitcoin's perpetual futures funding rate has remained negative despite prices staying above $75,000, signaling that short sellers are currently absorbing costs rather than a lack of bullish confidence. Recent market volatility caused significant liquidations of leveraged long positions, but data suggests this negative rate is a byproduct of forced liquidation cycles rather than strong conviction among bears. Institutional demand remains robust, as evidenced by continuous net inflows into U.S.-listed spot Bitcoin ETFs and persistent accumulation by firms like MicroStrategy.
(Source：Cointelegraph)