- Bitcoin rebounds 20%, CryptoQuant reports negative Binance funding rates.
- Negative rates suggest bearish futures sentiment persists.
- Spot BTC ETF inflows signal strong market interest.
Bitcoin’s recent rally sees prices climb over 20% from lows, yet Binance’s perpetual contracts face negative funding rates, as analyzed by CryptoQuant on April 26.
Despite Bitcoin’s price resurgence, negative funding rates on Binance suggest bearish futures sentiment, contrasting with positive on-chain demand and ETF inflows.
Bitcoin Prices Surge Amidst Bearish Futures Signals
Bitcoin has rebounded more than 20% from its recent lows, reaching the lower $90,000s. However, Avocado, an analyst at CryptoQuant, identifies the negative funding rate of Binance contracts as a continuing trend. This highlights the market’s cautious approach despite visible recovery.
The prevailing negative funding rate means short positions must pay funding to longs, an indicator often associated with market bearishness or caution among derivatives traders. This occurs while Bitcoin’s spot prices climb, showcasing potential investor hesitations about sustained growth.
Market responses are mixed. According to CryptoQuant’s analysis, spot Bitcoin ETFs have experienced five consecutive days of net positive inflows, reaching nearly $3.06 billion. These trends suggest institutional and retail interest persists, reflecting a possible divergence between spot and futures market sentiments.
ETF Inflows and Historical Patterns Suggest Growth Potential
Did you know? Historical patterns show that prolonged negative funding rates with simultaneous BTC price gains can lead to significant upward momentum as bearish traders unwind positions.
As of April 26, 2025, CoinMarketCap reports Bitcoin’s price is $94,279.39, with a market cap of $1.87 trillion, comprising 63.36% of the market. Over the past 24 hours, Bitcoin’s trading volume stands at $24.35 billion, marking a 1.32% decline. Despite recent fluctuations, its seven-day performance indicates a positive trend, up by 10.41%.
The Coincu research team provides additional insights noting the negative funding rates alongside strong ETF inflows suggest undeclared optimism, potentially forecasting BTC price testing historical highs should accumulation trends continue. These analyses, founded on current data, underline Bitcoin’s bullish foundation in today’s market scenario.
