Bitcoin Remains in Sideways Range as Bearish Funding Rates Persist
Bitcoin's sideways movement is accompanied by negative funding rates across major CEXs and DEXs, signaling continued bearish sentiment in the market.
BTC
Summary
Bitcoin has remained in a sideways range, with funding rates across centralized and decentralized exchanges reflecting a bearish market outlook. According to Coinglass data, funding rates indicate that short sellers are paying long holders, reinforcing negative sentiment. The market’s outlook remains cautious with negative funding rates on perpetual futures.
Terms & Concepts
- Funding Rate: A periodic payment between traders in perpetual futures contracts, used to keep contract prices aligned with spot markets.
- Short Seller: A trader who borrows and sells an asset, aiming to buy it back later at a lower price to profit from the decline.
- Perpetual Futures: A derivative contract without an expiry date, allowing traders to speculate on asset prices indefinitely.