Bitcoin Funding Rates Turn Negative Amid Market Shifts

According to Foresight News, recent data from Glassnode indicates that Bitcoin's funding rates have shifted to negative. This change suggests a growing presence of short positions among the top ten cryptocurrencies by market capitalization. Both Binance Coin (BNB) and Cardano (ADA) are showing signs of pressure in the market. Additionally, Solana's funding rate is currently ranked as the sixth lowest among all assets tracked by Glassnode Studio source: https://www.binance.com/en/square/post/24851059366737?utm_source=BinanceNewsRSS