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>>Bitcoin investors grow bearish as funding rates plunge, despite the $68,000 support staying firm

Bitcoin investors grow bearish as funding rates plunge, despite the $68,000 support staying firm

crypthub

1 day ago

Market Sentiment

Derivatives data show Bitcoin funding rates deep in negative territory, meaning short sellers are paying longs to keep bearish bets open. This signals growing pessimism despite the spot price holding near $68‑$69k. The futures market thus reflects strong short bias.

Price Action and Support

Bitcoin has pulled back to a stable range of $62k‑$69k, with key support around $68k‑$69k preventing a crash. Buyers step in at support but are not driving breakouts, keeping momentum weak. A break above $67k‑$69k could trigger a short squeeze, while a fall below $60k would confirm the downtrend.

Leverage and Outlook

Leverage in the system has contracted after the 2025 rally peak, reducing forced liquidations and cleaning out weak hands. Lower leverage makes the market less fragile even as bearish bets linger. The cleaner balance may set the stage for a more sustainable recovery should price strength return.