- BITCOIN FORECAST
Funding rates flip marginally positive after cascade of negative funding
What's new?
Funding rates flipped positive intra-day on 6 May.
Why is this relevant?
A sustained negative funding regime is, historically, a bearish signal seen during bear markets.
What does the data tell us?
On-chain data shows small bouts of positive funding that quickly reverses. This shows bears are clearly in control at the moment.
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