Bitcoin Funding Rate Reaches Three-Year Low as Price Drops 18% in 2024

CryptoQuant data shows a 30-day percentile decline in Bitcoin’s funding rate, signaling reduced bullish sentiment despite a minor 0.48% rebound to $71,500.

BTC

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Terms & Concepts
  • Funding Rate: A fee mechanism in perpetual futures (contracts without expiry) used to balance long and short positions.
  • CryptoQuant: A blockchain analytics firm that provides data and insights on cryptocurrency markets, including exchange flows and on-chain indicators.
  • Percentile: A statistical measure showing how a value compares within a data distribution, often used to assess funding rate trends over time.