According to data from Binance, Bybit, OKX, and Deribit, Bitcoin’s 30-day funding rate percentile indicates that the market is continuing to fluctuate within a defined equilibrium range.
Following Bitcoin’s recent pullback, a significant portion of long positions was forcibly closed, and positioning has gradually shifted toward short exposure. This transition reflects a leverage reset and rebalancing phase within the derivatives market.
While the funding rate alone does not provide a directional signal, it clearly reveals where leveraged positions are being concentrated. The current structure shows that leveraged positioning in Bitcoin is moving away from longs and increasingly shifting toward shorts a pattern that often reflects late retail positioning.
As the market continues to accumulate positions within a balance zone, the key question remains:
Does this structure support the continuation of the uptrend?
If funding rates continue to decline while Bitcoin fails to break down, it would signal that upside continuation becomes increasingly inevitable. As price action remains choppy, the market appears to be heading toward a more volatile phase in the coming days.
Historically, as retail traders increase short exposure, the market tends to maintain a bullish bias, setting the stage for further upward movement.
Written by BorisD
