{"id":636077,"date":"2024-08-16T23:30:27","date_gmt":"2024-08-16T23:30:27","guid":{"rendered":"https:\/\/ktsl888.com\/?p=636077"},"modified":"2024-08-16T15:54:21","modified_gmt":"2024-08-16T15:54:21","slug":"bitcoin-bears-in-control-record-low-funding-rates-on-binance","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/","title":{"rendered":"Bitcoin Bears in Control? Record Low Funding Rates on Binance Signal Market Shift"},"content":{"rendered":"<p>According to the latest <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/66bef95d1dad4a62a5c89fc4-Bitcoin-funding-rates-have-reached-the-highest-level-of-negativity-YTD-on-Binanc?utm_source=twitter&amp;utm_medium=sns&amp;utm_campaign=quicktake&amp;utm_content=egyhash\" target=\"_blank\" rel=\"noopener nofollow\">data<\/a> from CryptoQuant, bears might be in control of Bitcoin given the asset&#8217;s funding rates reaching a negative level across all crypto exchanges, including Binance.<\/p>\n<p>For context, funding rates are essential in perpetual futures markets to ensure the price of perpetual contracts aligns closely with the spot market.<\/p>\n<p>These rates can be either positive or negative, depending on market conditions. A positive funding rate implies that long position holders pay shorts, typically signaling<a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/sovereign-wealth-funds-bitcoin-148000\/\" target=\"_blank\" rel=\"noopener \"> bullish sentiment<\/a>. Conversely, negative funding rates suggest shorts pay longs, <a href=\"https:\/\/ktsl888.com\/bitcoin-news\/analyst-warns-bitcoin-nears-dangerous-territory-40000-on-the-horizon\/\" target=\"_blank\" rel=\"noopener \">indicating bearish sentiment<\/a>.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/bitcoin-news\/analyst-warns-bitcoin-nears-dangerous-territory-40000-on-the-horizon\/\" target=\"_blank\" rel=\"noopener \">Analyst Warns: Bitcoin Nears Dangerous Territory \u2013 $40,000 On The Horizon?<\/a><\/div>\n<h2>Funding Rates Signal Market Shift<\/h2>\n<p>According to EgyHash, the analyst who reported this significant rise in funding rates on the CryptoQuant QuickTake platform, Bitcoin\u2019s funding rates on Binance have dipped to unprecedented<a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-bearish-death-cross\/\" target=\"_blank\" rel=\"noopener \"> negative levels<\/a> that have not been seen ever since October 2023.<\/p>\n<figure style=\"width: 1280px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/img.cryptoquant.com\/565220\/quicktake\/5goff4Q_e2a81f3c99c47ffd4406b2c2e9ab3753b9fae3efc63b607a3406a0848a159be4.png?resize=1280%2C720&#038;ssl=1\" alt=\"Bitcoin funding rates on Binance. | Source: CryptoQuant\" width=\"1280\" height=\"720\"><figcaption class=\"wp-caption-text\">Bitcoin funding rates on Binance. | Source: CryptoQuant<\/figcaption><\/figure>\n<p>The analyst revealed that this prolonged negativity in funding rates, lasting over three consecutive days, highlights an intensifying &#8220;bearish sentiment&#8221; among traders.<\/p>\n<p>Notably, the significance of these negative rates is compounded by Binance&#8217;s substantial share in the open interest (OI) across crypto exchanges. This dominant position suggests that the sentiments reflected in Binance\u2019s funding rates could presage <a href=\"https:\/\/ktsl888.com\/news\/will-bitcoin-btc-trade-back-above-70000-by-september-analysts-weigh-in\/\" target=\"_blank\" rel=\"noopener \">broader market movements<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">$BTC<\/a> funding rates have reached the highest level of negativity YTD on Binance<\/p>\n<p>\u201cBinance has the largest share of open interest (OI), this could indicate a bearish market sentiment for the short term.\u201d \u2013 By <a href=\"https:\/\/twitter.com\/EgyHashX?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">@EgyHashX<\/a><\/p>\n<p>Read more \ud83d\udc47<a href=\"https:\/\/t.co\/lGCUSic8kl\" target=\"_blank\" rel=\"noopener nofollow\">https:\/\/t.co\/lGCUSic8kl<\/a> <a href=\"https:\/\/t.co\/bfCPAYy1Z8\" target=\"_blank\" rel=\"noopener nofollow\">pic.twitter.com\/bfCPAYy1Z8<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/20889471?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">August 16, 2024<\/a><\/p><\/blockquote>\n<p>When funding rates remain negative, it generally points to an expectation among traders that prices may decline further. This bearish outlook might encourage selling, potentially leading to a self-fulfilling prophecy as downward price movements encourage more shorts. The analyst particularly noted:<\/p>\n<blockquote><p>This means that short positions are now dominating the perpetual market. Taking this into consideration, and as Binance has the largest share of open interest (OI), this could indicate a bearish market sentiment for the short term.<\/p><\/blockquote>\n<p>However, there is a catch. While this negative change in funding rate may spell a plunge for BTC, extremely negative funding rates can sometimes precede a market reversal if shorts begin to cover their positions, leading to a rapid price surge.<\/p>\n<h2>Bitcoin Market Performance<\/h2>\n<p>So far, Bitcoin has been unable to reclaim its <a href=\"https:\/\/ktsl888.com\/bitcoin-news\/crucial-bullish-signal-for-bitcoin-flashes-for-first-time-since-2023-analyst-forecasts-major-rally\/\" target=\"_blank\" rel=\"noopener \">psychological level<\/a> of $60,000 following a plunge below it on August 14. Instead, the asset has continued to range between $59,000 to $56,000 region over the past few days.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-observes-pullback-to-58000-the-cause\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Observes Pullback To $58,000: Is This The Cause?<\/a><\/div>\n<p>Notably, the past 24 hours are no different from the continuous consolidation. Over this period, Bitcoin has declined by 2.6%, with a current trading price of $58,015.<\/p>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/pZVUziBM\/\" alt=\"Bitcoin (BTC) price chart on TradingView\" width=\"2770\" height=\"1496\"><figcaption class=\"wp-caption-text\">BTC price is moving sideways on the 1-hour chart. Source: BTC\/USDT on <a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=BINANCE%3ABTCUSDT\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p>Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the latest data from CryptoQuant, bears might be in control of Bitcoin given the asset&#8217;s funding rates reaching a negative level across all crypto exchanges, including Binance. For context, funding rates are essential in perpetual futures markets to ensure the price of perpetual contracts aligns closely with the spot market. These rates can be either positive or negative, depending on market conditions. A positive funding rate implies that long position holders pay shorts, typically signaling bullish sentiment. Conversely, negative funding rates suggest shorts pay longs, indicating bearish sentiment. Related Reading: Analyst Warns: Bitcoin Nears Dangerous Territory \u2013 $40,000 On The Horizon? Funding Rates Signal Market Shift According to EgyHash, the analyst who reported this significant rise in funding rates on the CryptoQuant QuickTake platform, Bitcoin\u2019s funding rates on Binance have dipped to unprecedented negative levels that have not been seen ever since October 2023. The analyst revealed that this prolonged negativity in funding rates, lasting over three consecutive days, highlights an intensifying &#8220;bearish sentiment&#8221; among traders. Notably, the significance of these negative rates is compounded by Binance&#8217;s substantial share in the open interest (OI) across crypto exchanges. This dominant position suggests that the sentiments reflected in Binance\u2019s funding rates could presage broader market movements. $BTC funding rates have reached the highest level of negativity YTD on Binance \u201cBinance has the largest share of open interest (OI), this could indicate a bearish market sentiment for the short term.\u201d \u2013 By @EgyHashX Read more \ud83d\udc47https:\/\/t.co\/lGCUSic8kl pic.twitter.com\/bfCPAYy1Z8 \u2014 CryptoQuant.com (@cryptoquant_com) August 16, 2024 When funding rates remain negative, it generally points to an expectation among traders that prices may decline further. This bearish outlook might encourage selling, potentially leading to a self-fulfilling prophecy as downward price movements encourage more shorts. The analyst particularly noted: This means that short positions are now dominating the perpetual market. Taking this into consideration, and as Binance has the largest share of open interest (OI), this could indicate a bearish market sentiment for the short term. However, there is a catch. While this negative change in funding rate may spell a plunge for BTC, extremely negative funding rates can sometimes precede a market reversal if shorts begin to cover their positions, leading to a rapid price surge. Bitcoin Market Performance So far, Bitcoin has been unable to reclaim its psychological level of $60,000 following a plunge below it on August 14. Instead, the asset has continued to range between $59,000 to $56,000 region over the past few days. Related Reading: Bitcoin Observes Pullback To $58,000: Is This The Cause? Notably, the past 24 hours are no different from the continuous consolidation. Over this period, Bitcoin has declined by 2.6%, with a current trading price of $58,015. Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":636078,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[10768,428,441,1119,78790,6664,10923],"class_list":["post-636077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-binance","tag-bitcoin","tag-bitcoin-analysis","tag-btc","tag-btcusdt","tag-crypto","tag-crypto-market"],"acf":[],"yoast_head":"\n<title>Bitcoin Bears in Control? Record Low Funding Rates on Binance Signal Market Shift<\/title>\n<meta name=\"description\" content=\"According to latest data from CryptoQuant, bears might be in control of Bitcoin given the asset&#039;s funding rates reaching a negative level...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Bears in Control? Record Low Funding Rates on Binance Signal Market Shift\" \/>\n<meta property=\"og:description\" content=\"According to latest data from CryptoQuant, bears might be in control of Bitcoin given the asset&#039;s funding rates reaching a negative level...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-16T23:30:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-16T15:54:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/DALL\u00b7E-2024-08-16-16.06.36-A-digital-illustration-depicting-the-control-of-Bitcoin-bears-with-record-low-funding-rates-on-Binance-signaling-a-market-shift.-The-image-features-a-.jpg?fit=1024%2C1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samuel Edyme\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@0xEdyme\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel Edyme\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/\"},\"author\":{\"name\":\"Samuel Edyme\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\"},\"headline\":\"Bitcoin Bears in Control? Record Low Funding Rates on Binance Signal Market Shift\",\"datePublished\":\"2024-08-16T23:30:27+00:00\",\"dateModified\":\"2024-08-16T15:54:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/\"},\"wordCount\":504,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/DALL\u00b7E-2024-08-16-16.06.36-A-digital-illustration-depicting-the-control-of-Bitcoin-bears-with-record-low-funding-rates-on-Binance-signaling-a-market-shift.-The-image-features-a-.jpg?fit=1024%2C1024\",\"keywords\":[\"Binance\",\"bitcoin\",\"bitcoin analysis\",\"btc\",\"BTCUSDT\",\"crypto\",\"crypto market\"],\"articleSection\":[\"Bitcoin News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/\",\"url\":\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/\",\"name\":\"Bitcoin Bears in Control? Record Low Funding Rates on Binance Signal Market Shift\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/DALL\u00b7E-2024-08-16-16.06.36-A-digital-illustration-depicting-the-control-of-Bitcoin-bears-with-record-low-funding-rates-on-Binance-signaling-a-market-shift.-The-image-features-a-.jpg?fit=1024%2C1024\",\"datePublished\":\"2024-08-16T23:30:27+00:00\",\"dateModified\":\"2024-08-16T15:54:21+00:00\",\"description\":\"According to latest data from CryptoQuant, bears might be in control of Bitcoin given the asset's funding rates reaching a negative level...\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/DALL\u00b7E-2024-08-16-16.06.36-A-digital-illustration-depicting-the-control-of-Bitcoin-bears-with-record-low-funding-rates-on-Binance-signaling-a-market-shift.-The-image-features-a-.jpg?fit=1024%2C1024\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/DALL\u00b7E-2024-08-16-16.06.36-A-digital-illustration-depicting-the-control-of-Bitcoin-bears-with-record-low-funding-rates-on-Binance-signaling-a-market-shift.-The-image-features-a-.jpg?fit=1024%2C1024\",\"width\":1024,\"height\":1024,\"caption\":\"Bitcoin Bears in Control? Record Low Funding Rates on Binance Signal Market Shift\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Bears in Control? Record Low Funding Rates on Binance Signal Market Shift\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ktsl888.com\/#website\",\"url\":\"https:\/\/ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\",\"name\":\"Samuel Edyme\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"caption\":\"Samuel Edyme\"},\"description\":\"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/ktsl888.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Bears in Control? Record Low Funding Rates on Binance Signal Market Shift","description":"According to latest data from CryptoQuant, bears might be in control of Bitcoin given the asset's funding rates reaching a negative level...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Bears in Control? Record Low Funding Rates on Binance Signal Market Shift","og_description":"According to latest data from CryptoQuant, bears might be in control of Bitcoin given the asset's funding rates reaching a negative level...","og_url":"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-08-16T23:30:27+00:00","article_modified_time":"2024-08-16T15:54:21+00:00","og_image":[{"width":1024,"height":1024,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/DALL\u00b7E-2024-08-16-16.06.36-A-digital-illustration-depicting-the-control-of-Bitcoin-bears-with-record-low-funding-rates-on-Binance-signaling-a-market-shift.-The-image-features-a-.jpg?fit=1024%2C1024","type":"image\/jpeg"}],"author":"Samuel Edyme","twitter_card":"summary_large_image","twitter_creator":"@0xEdyme","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Samuel Edyme","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/"},"author":{"name":"Samuel Edyme","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500"},"headline":"Bitcoin Bears in Control? Record Low Funding Rates on Binance Signal Market Shift","datePublished":"2024-08-16T23:30:27+00:00","dateModified":"2024-08-16T15:54:21+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/"},"wordCount":504,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/DALL\u00b7E-2024-08-16-16.06.36-A-digital-illustration-depicting-the-control-of-Bitcoin-bears-with-record-low-funding-rates-on-Binance-signaling-a-market-shift.-The-image-features-a-.jpg?fit=1024%2C1024","keywords":["Binance","bitcoin","bitcoin analysis","btc","BTCUSDT","crypto","crypto market"],"articleSection":["Bitcoin News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/","url":"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/","name":"Bitcoin Bears in Control? Record Low Funding Rates on Binance Signal Market Shift","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/DALL\u00b7E-2024-08-16-16.06.36-A-digital-illustration-depicting-the-control-of-Bitcoin-bears-with-record-low-funding-rates-on-Binance-signaling-a-market-shift.-The-image-features-a-.jpg?fit=1024%2C1024","datePublished":"2024-08-16T23:30:27+00:00","dateModified":"2024-08-16T15:54:21+00:00","description":"According to latest data from CryptoQuant, bears might be in control of Bitcoin given the asset's funding rates reaching a negative level...","breadcrumb":{"@id":"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/DALL\u00b7E-2024-08-16-16.06.36-A-digital-illustration-depicting-the-control-of-Bitcoin-bears-with-record-low-funding-rates-on-Binance-signaling-a-market-shift.-The-image-features-a-.jpg?fit=1024%2C1024","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/DALL\u00b7E-2024-08-16-16.06.36-A-digital-illustration-depicting-the-control-of-Bitcoin-bears-with-record-low-funding-rates-on-Binance-signaling-a-market-shift.-The-image-features-a-.jpg?fit=1024%2C1024","width":1024,"height":1024,"caption":"Bitcoin Bears in Control? Record Low Funding Rates on Binance Signal Market Shift"},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Bears in Control? Record Low Funding Rates on Binance Signal Market Shift"}]},{"@type":"WebSite","@id":"https:\/\/ktsl888.com\/#website","url":"https:\/\/ktsl888.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500","name":"Samuel Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/ktsl888.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Bears in Control? Record Low Funding Rates on Binance Signal Market Shift","url":"http:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/bitcoin-news\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/DALL\u00b7E-2024-08-16-16.06.36-A-digital-illustration-depicting-the-control-of-Bitcoin-bears-with-record-low-funding-rates-on-Binance-signaling-a-market-shift.-The-image-features-a-.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/DALL\u00b7E-2024-08-16-16.06.36-A-digital-illustration-depicting-the-control-of-Bitcoin-bears-with-record-low-funding-rates-on-Binance-signaling-a-market-shift.-The-image-features-a-.jpg?fit=1024%2C1024"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["binance","bitcoin","bitcoin analysis","btc","btcusdt","crypto","crypto market"],"dateCreated":"2024-08-16T23:30:27Z","datePublished":"2024-08-16T23:30:27Z","dateModified":"2024-08-16T23:30:27Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Bears in Control? Record Low Funding Rates on Binance Signal Market Shift\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/bitcoin-news\\\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/bitcoin-news\\\/bitcoin-bears-in-control-record-low-funding-rates-on-binance\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/DALL\\u00b7E-2024-08-16-16.06.36-A-digital-illustration-depicting-the-control-of-Bitcoin-bears-with-record-low-funding-rates-on-Binance-signaling-a-market-shift.-The-image-features-a-.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/DALL\\u00b7E-2024-08-16-16.06.36-A-digital-illustration-depicting-the-control-of-Bitcoin-bears-with-record-low-funding-rates-on-Binance-signaling-a-market-shift.-The-image-features-a-.jpg?fit=1024%2C1024\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"binance\",\"bitcoin\",\"bitcoin analysis\",\"btc\",\"btcusdt\",\"crypto\",\"crypto market\"],\"dateCreated\":\"2024-08-16T23:30:27Z\",\"datePublished\":\"2024-08-16T23:30:27Z\",\"dateModified\":\"2024-08-16T23:30:27Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/DALL\u00b7E-2024-08-16-16.06.36-A-digital-illustration-depicting-the-control-of-Bitcoin-bears-with-record-low-funding-rates-on-Binance-signaling-a-market-shift.-The-image-features-a-.jpg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/636077"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=636077"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/636077\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/636078"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=636077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=636077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=636077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}