A negative Bitcoin funding rate and $7.5 billion in USDC reserves suggest traders may start positioning against the bearish trend. Will BTC price keep rising?
Bitcoin (BTC) has rallied 30% since its 2026 low of $60,000, and stablecoin balances on exchanges suggest the market has entered a disbelief phase, with roughly $7.5 billion in USDC on Binance highlighting readily deployable capital that traders could start positioning soon.
Data shows that derivatives market positioning has not kept pace with the bullish price trend. Crypto analyst Darkfost tracked the 30-day cumulative funding rate, which aggregates funding over time to reveal sustained positioning. The metric stands near -4.5%, reflecting a prolonged bearish bias against the current move.
The analyst explained that the negative funding creates conditions that incentivize traders to take the opposite side.
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