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CryptoMediumUpdated×8•Originally published 16 April 2026•Updated 17 April 2026•

1 min read

Bitcoin Funding Rates Remain Negative Despite Price Surging Past $75,000

A composite image showing Bitcoin coins, financial dashboards with charts and data, and arrows indicating capital outflow and fund withdrawal.

Key Facts

1Bitcoin funding rates have hit significant lows, historically indicating seller exhaustion and a potential price floor.

about 2 months ago

Version History

2 additional sources confirmed this story

Version 8about 2 months ago

What changed: Updated the funding rate decline to a three-year low (extending the previous 'since 2023' estimate) and identified CoinDesk as the data source.

Version 7about 2 months ago

What changed: The story was updated to quantify the severity of negative funding rates (lowest since 2023) and include ZeroStack's $125,000 price target.

Version 6about 2 months ago

What changed: Updated with new RHODL ratio data indicating a mid-cycle correction and the return of long-term holder dominance.

Version 5about 2 months ago

What changed: Updated the story to include BCMI index data signaling historic undervaluation and technical confirmation from MVRV and NUPL metrics.

Version 4about 2 months ago

What changed: The story was updated to include altcoin data, specifically HBAR, which is showing technical signs of a local bottom alongside negative funding rates.

Version 3about 2 months ago

What changed: Updated the story to include price stabilization at $74,700, the minor correction linked to global equity markets, and geopolitical anticipation.

Version 2about 2 months ago

What changed: Updated the story with new Glassnode data indicating that negative funding rates are at multi-year extremes (since 2023), signaling a potential market bottom.

Version 1about 2 months ago

What changed: Updated the story to reflect the rare divergence between Bitcoin's price breaking $75,000 and funding rates remaining negative.

Bitcoin price stabilized near $74,700 as technical data suggests a significant market pivot with the BCMI dropping into a historic undervaluation zone. According to CoinDesk data, Bitcoin perpetual futures funding rates have dropped to their most negative level in three years, signaling an extreme lack of speculative froth that could trigger a massive short squeeze. Amidst this setup, ZeroStack CEO Daniel Reis-Faria has set a bullish price target of $125,000 for Bitcoin within the next 30 to 60 days. On-chain insights from Glassnode indicate that current conditions resemble mid-cycle corrections rather than late-stage tops, supported by long-term holders regaining market dominance. This combination of institutional caution and holder conviction reflects a market poised for a significant reversal as traders focus on whether these oversold signals will catalyze sustained upward momentum.