Bitcoin Is Bullish, But Its Funding Rate Is Like That Friend Who Says “I Told You So”

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Well, well, well, Bitcoin‘s price is soaring like a caffeinated kangaroo, but guess what? Its Funding Rate is still negative. Yep, the Funding Rate is playing hard to get, which, you know, usually signals that the short traders are totally in charge right now. It’s like everyone’s at the party, but the guy who brought the chips is still sulking in the corner. 🙄

Bitcoin Funding Rates: Redder Than Your Ex’s Texts

According to on-chain analyst Checkmate, the Bitcoin Funding Rate is doing its best impression of a grumpy teenager on X (formerly known as Twitter—don’t get me started). The “Funding Rate” is basically the fee that traders are paying each other to keep their positions. So when it’s positive, the long traders are paying short traders. Classic bullish move. But when it’s negative, short traders are in the driver’s seat, making the whole market feel a bit… bearish. 🙃

When the Funding Rate goes negative, it’s like a big neon sign saying, “We’re not so sure about this rally.” And guess what? That’s exactly what’s happening right now. It’s almost like the market is saying, “Sure, Bitcoin is doing great, but I don’t trust it. *I’ve seen this movie before*.”

So, here’s the chart Checkmate shared. Let’s all pretend to be crypto experts and nod knowingly while looking at it:

See that dip into negative territory? Yup, that’s the market basically saying, “Hold up, let’s slow this down, people.” But don’t worry, Bitcoin has a trick up its sleeve: short liquidations. Because when short traders are wrong, they get liquidated. And guess what happens when shorts get liquidated? Yep, that’s right, it fuels the rally. Like adding rocket fuel to a firework display. 🎆

Here’s another chart for all you chart junkies:

And here’s where it gets really juicy: The short squeeze could keep this rally going. Will the market keep liquidating shorts like it’s nobody’s business? Stay tuned. 🍿

But don’t be fooled by all the drama in the futures market. Overall sentiment in crypto? It’s like the Fear & Greed Index had one too many shots of espresso. People are feeling GREEDY, and that’s the kind of energy we need right now.

The Fear & Greed Index is sitting pretty at 63 right now, which basically says, “Let’s throw caution to the wind and buy more Bitcoin!” 🚀

BTC Price

As of right now, Bitcoin is chilling at a cool $93,200. That’s up more than 9% in just the last week, which is basically the financial equivalent of a mic drop. 👏

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2025-04-25 12:21