Bitcoin: Is It a Bounce Signal After the Drop? Analysts Detect Key Patterns.
The price of Bitcoin has slightly decreased after recent gains, falling by 2.3% in the last 24 hours to trade at approximately $107,205. This latest movement places the asset 4.1% below its all-time high of over $111,000 recorded last month.
Despite the short-term drop, some analysts see familiar signals in the derivatives data that could indicate the next phase of market movement.
## The Funding Rate Bounce Signals a Possible Bitcoin Increase
According to recent findings shared by on-chain analyst "nino" on CryptoQuant's QuickTake platform, Bitcoin may be repeating a funding rate pattern that has historically led to price bounces.
Data shows that the asset's funding rate briefly fell into negative territory before starting to reverse, a pattern that has aligned with price recoveries earlier in the year.
