As of today (15:00 UTC), Binance's funding rates have flipped negative again. While Bitcoin trades above $93K, the funding rate dropped sharply below the key -0.0060 level.
Historically, when Binance’s funding rate drops below -0.0060, we’ve seen significant upward price movements due to aggressive short liquidations.
📌 Latest example:
On April 22, 2025 (15:00 UTC), Bitcoin was at $91,012 and funding rates hit -0.0060.
Just 10 hours later, Bitcoin surged to $93.4K, triggering a large short squeeze.
Final Thoughts
Binance's funding rate has returned to the -0.0060 threshold. Given previous reactions to this level, another short squeeze could be on the horizon.
Written by burakkesmeci
