TLDR Tech / Crypto
Bitcoin Hits 3-Month High with Longest Negative Funding Run of the Decade
Bitcoin reclaimed $82,000 on Wednesday, its highest level in over three months. The last 67 consecutive days of negative 30-day average funding rates were the longest such streak of the 2020s, surpassing the March to May 2020 run. The persistent short positioning is historically a bullish setup: investors buying BTC during negative funding regimes have seen win rates of 83% to 96% across 30 to 360 day holding periods, versus 55% to 70% for random entry.
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