Bitcoin funding rates have been on a bearish trend in recent months. It has now spent one of its longest stretches in neutral and below neutral territory. But even with the recovering prices and sentiment in the crypto space, the funding rates have refused to mirror the trend. Instead, it has spent another week below neutral, painting a grim picture of how traders are viewing the market presently.
Traders Do Not Expect Recovery
Bitcoin funding rates are a good indication of when traders expect some form of recovery in the coming days. Since the market crash in June, the rate has refused to record any significant positive momentum, indicating that bitcoin traders do not expect a recovery going forward.
