🚨Bitcoin funding decreased by 9% in March - will it turn negative this week?

CryptoQuant's data shows that since early March, the average funding rate SMA (30) has dropped a staggering 9%. That's right - traders are placing their bets on a downward spiral, while a meme coin full of positive energy feels like a distant dream. The decrease in funding rate indicates that shorts are increasing their efforts, as pessimism continues to dominate, causing even the most optimistic investors to feel slightly anxious.
Bitcoin hits the lowest since the end of 2024—Oops! 📉 Many are hoping for a rapid recovery, but the persistent fear related to the trade war and macroeconomic storms is leaving us breathless. Since March, $BTC has dropped nearly 20%, sparking debates on whether this cycle can truly have a sense of rebound. However, there is also a glimmer of hope—such as institutional adoption and potential measures for a Bitcoin strategic reserve supported by our President Trump!
Top analyst Axel Adler said that if this trend continues, a negative funding rate may indicate an increase in short positions. This could mean more challenges ahead for our beloved Bitcoin. For any rebound to form, the bulls need to break through the $90,000 level and regain momentum. But if they fail again, we may see Bitcoin plummet below $80,000, causing a shock to the entire cryptocurrency community.
As of now, $BTC is fluctuating around the $83,600 mark, focusing on those key moving averages. Traders are nervously watching to see if the bull market can break through the $86K resistance level. If they can't, be careful of another drop! 🎢 With uncertainty still looming, it is crucial for the bull market to step up their game in the coming days!
#memecoin crypto #solana Ethereum #ai Bitcoin #cryptocurrency ⚠️ Disclaimer: This analysis is for reference only and does not constitute financial or investment advice.