BTC, SOL, BNB, and ADA Funding Rate Flips Negative—Is the Crypto Market Bracing for a Drop?
- Bitcoin slips to $107K as funding rate turns negative, signaling rising short interest.
- Solana drops 4.7% to $170, holding the sixth-lowest funding rate among tracked crypto assets.
- Cardano drops 3.25% and BNB slides 1.3% amid rising bearish sentiment in the market.
As Bitcoin’s funding rate turned negative, the cryptocurrency market turned more bearish as the price of Bitcoin dropped to $107,486.36, resulting in a 2.32% drop in one day. Glassnode data shows that Bitcoin futures funding rates have turned negative, indicating a rise in short positions. Similar bearish indicators are also present in Binance Coin (BNB), Cardano (ADA), and Solana (SOL).
Negative Funding Rates Indicate Rising Bearish Sentiment
Bitcoin’s funding rate recently turned negative at a key price level, suggesting more sellers than buyers are now…
The post BTC, SOL, BNB, and ADA Funding Rate Flips Negative—Is the Crypto Market Bracing for a Drop? appeared first on Coin Edition.
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BTC, SOL, BNB, and ADA Funding Rate Flips Negative—Is the Crypto Market Bracing for a Drop?
- Bitcoin slips to $107K as funding rate turns negative, signaling rising short interest.
- Solana drops 4.7% to $170, holding the sixth-lowest funding rate among tracked crypto assets.
- Cardano drops 3.25% and BNB slides 1.3% amid rising bearish sentiment in the market.
As Bitcoin’s funding rate turned negative, the cryptocurrency market turned more bearish as the price of Bitcoin dropped to $107,486.36, resulting in a 2.32% drop in one day. Glassnode data shows that Bitcoin futures funding rates have turned negative, indicating a rise in short positions. Similar bearish indicators are also present in Binance Coin (BNB), Cardano (ADA), and Solana (SOL).
Negative Funding Rates Indicate Rising Bearish Sentiment
Bitcoin’s funding rate recently turned negative at a key price level, suggesting more sellers than buyers are now…
The post BTC, SOL, BNB, and ADA Funding Rate Flips Negative—Is the Crypto Market Bracing for a Drop? appeared first on Coin Edition.
Read More
Bitcoin Paces $15 Billion YTD Influx Amid 10-Week Fund Flow Streak