Bitcoin Price Rejected at $76K Again as Funding Rates Stay Negative

Bitcoin's price prediction is becoming increasingly complex as it faces resistance at $76,000 for the third time in two months. The asset briefly touched this level on April 14 but quickly reversed to around $74,000, failing to deliver a sustained breakout. This rejection has led to increased caution among analysts and investors.

The funding rates on Binance's bitcoin perpetuals have stayed negative for 46 consecutive days, a streak not seen since the FTX collapse in late 2022. Historically, this setup has preceded sharp upside moves in BTC. K33 Research head of research Vetle Lunde notes that comparable risk-off regimes have historically been attractive entry points for BTC.

WLFI's team has proposed a governance proposal to burn up to 4.52 billion tokens and lock most of the remaining team and ecosystem allocation for 2-5 years. This move aims to repair tokenomics after a volatile first year of trading. The plan would apply to a pool of 6.228 billion currently locked WLFI, tightening supply just months after the Trump-affiliated project navigated a $483 million token unlock.