Coinglass data shows Bitcoin near $86,700 after briefly hitting $86,000, with funding rates revealing persistent bearishness except for BTC’s slight positive rate.
Bitcoin fell to $86,000 on January 26 before recovering to $86,683, according to Coinglass. Funding rates indicate widespread bearish sentiment across the market, with Bitcoin showing a marginally positive rate while Ethereum registered a negative rate on major platforms. The decline reflects continued caution among traders despite Bitcoin’s slight funding advantage.