Bitcoin – What funding rates tell us about the changing market sentiment – BitRss

• Positive funding rates have persisted despite consolidation, with rates hitting 0.075% in January 2025
• MA cross between 50-day (98,870.83) and 200-day (76,229.51) averages reinforced the bullish structure

Bitcoin’s [BTC ($104,630.55)] recent price action around $104,000 gains deeper context when analyzed alongside perpetual futures funding rates. This, because such an analysis reveals crucial insights into market sentiment and potential directional moves.

Bitcoin’s technical landscape and price action

The daily chart suggested that Bitcoin has been consolidating near $104,289, with a slight decline of 0.54% at press time. The MA cross between the 50-day (98,870.83) and 200-day (76,229.51) moving averages maintained a bullish structure for the cryptocurrency.

All while the Bollinger Bands (91,175.85 – 108,514.95) hinted at contained volatility, despite the market’s recent movements.