Bitcoin funding rate stays negative even as BTC price trades above $75K: What gives?
Despite Bitcoin's recent rebound above $75,000, its futures funding rate remains negative, indicating ongoing bearish sentiment and forced liquidations rather than a shift towards bullishness. This negative funding rate, which has persisted since Monday, suggests a lack of demand for bullish leverage, with $120 million in leveraged long positions liquidated during recent price fluctuations. However, strong institutional inflows into Bitcoin ETFs and corporate accumulation signal solid spot demand. Overall, while the negative funding rate may hint at potential downsides, it does not currently raise alarms as institutional interest in Bitcoin remains robust.