Bitcoin funding rates hit YTD lows, bearish trend looms: CryptoQuant – Cointelegraph

Bitcoin funding rates have reached year-to-date lows, signaling a potential bearish trend ahead, according to data from CryptoQuant. This decrease in funding rates suggests that traders are less willing to pay a premium to hold long positions in Bitcoin, indicating a lack of bullish sentiment in the market. This could potentially lead to a downward trend in the price of Bitcoin in the near future.