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via CoinDesk · By CoinDesk Staff

The great derivatives disconnect: Why 'negative' funding is actually a bullish signal for Bitcoin

BTC

BTC/USDT

$62,809.54

-0.55%

$62,809.54

-0.55%

(24s)

24h Volume

$3,507,728,157.01

24h H/L

$63,390.00 / $62,754.00

Change: $636.00 (1.01%)

Long/Short

69.3%

Long: 69.3%Short: 30.7%

Funding Rate

+0.0028%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,868.20

▼ -0.35%

Volume (24h): -

Resistance Levels

Resistance 3$64,507.45

Resistance 2$63,879.31

Resistance 1$63,135.87

Price$62,868.20

Support 1$61,814.38

Support 2$61,056.47

Support 3$57,800.19

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):41.8

CoinDesk Staff

(03:50 PM UTC)

1 min read

Updated byDavid Kim

0 comments

Panelists are split on the four-year cycle's relevance, with year-end price targets varying widely from potentially not reaching a new high to possible targets of $150k or $250k.

Bitcoin BTC$79,983.27 funding rates are flashing one of the most bearish positioning signals in years, even as spot prices keep grinding higher.

Funding rates have been running near minus 4% annualized, James Aitchison…

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Source

CoinDesk Staff · CoinDesk

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