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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

$79,956.00

+0.30%

$79,956.00

+0.30%

(24s)

24h Volume

$6,971,008,413.97

24h H/L

$80,107.99 / $79,233.00

Change: $874.99 (1.10%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0027%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,812.01

▼ -0.02%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$80,157.58

Price$79,812.01

Support 1$79,635.96

Support 2$77,523.79

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):66.7

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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