Bitcoin Market Sees Surge in Negative Funding Rates Amid Consolidation

The Bitcoin market has been experiencing a period of consolidation, with prices hovering around the mid-$60,000s. However, beneath the surface, some key metrics are indicating that the market may be preparing for a potential rebound.

According to data from CryptoQuant, the funding rates across Bitcoin futures platforms have remained deeply negative for an extended period. This is typically a sign of aggressive short positioning and tends to form when sentiment is heavily skewed towards further downside.

This contrasts sharply with the previous major bottom near $80,000 in November 2025, when funding rates were positive. Back then, traders were still optimistic that BTC would shake off setbacks and target higher prices.

Despite the current negative funding rates, some metrics are suggesting that the market may be setting up for a recovery. The futures market has reset to more sustainable levels, which could be a positive sign for long-term investors. With weaker hands pushed out and leverage cooling, the structure can gradually stabilize.