Bitcoin Perpetual Futures Funding Rate Shows Increased Market Uncertainty
The perpetual futures funding rate for Bitcoin is currently fluctuating, reflecting market uncertainty. Bitcoin's price is around $80,000 and has lost its 200-day moving average.
- The funding rate indicates payments between long and short positions.
- A positive rate means longs pay shorts; a negative rate means shorts pay longs.
- Recently, the daily funding rate reached -0.006%, an annualized rate of -2% according to Glassnode.
- Negative funding rates have historically coincided with bearish sentiment.
- Recent rallies led to position shifts and long liquidations, preventing sustained negative funding rates.