Bitcoin funding rates turn most negative since 2023, signaling potential market bottom
Bitcoin BTC$74,654.31 funding rates have hit their most negative levels since 2023, a signal that has historically coincided with market bottoms, as BTC continues to push higher through $75,000. On a seven-day moving average, funding rates have dropped to around -0.005%, according to Glassnode data. Funding rates are periodic payments exchanged between long and short…