Analyzing recent funding rate behavior provides valuable insights into Bitcoin’s potential next moves.
During the recent market-wide sell-off, both price and funding rates declined significantly, signaling a cooling of speculative activity in the futures market. This pattern mirrors the March to September 2024 period, a phase characterized by extended consolidation and sharp corrections that ultimately led to a robust bullish rally.
Now, with funding rates surging once again, it suggests that market participants are increasingly opening aggressive long positions. If this momentum persists, Bitcoin could reclaim the key $93K resistance level and potentially push toward its all-time high.
Written by ShayanBTC
