VeloData

Bitcoin experienced another turbulent day as prices fell sharply and market sentiment turned negative. These fluctuations occurred simultaneously with the decline of the Nasdaq index on Wall Street and pressure from DeepSeek – a low-cost AI startup from China.
Bitcoin Plummets, Negative Funding Rates
According to data from #VeloData , the funding rates of Bitcoin futures have turned negative. This is a sign that the market is leaning towards 'short' – traders expect prices to continue to decline.