Bitcoin funding rates turn most negative since 2023, signaling potential market bottom
Bitcoin Bitcoin$74,786.80 Financing rates have reached their lowest levels since 2023, a signal that has historically coincided with a market bottom as BTC continued its push towards $75,000. According to data from Glassnode, financing rates have dropped to around -0.005% based on the 7-day moving average. Funding rates are periodic payments exchanged between long and…