Bitcoin drops back to $90,000, multi-chain funding rates indicate a bearish signal

2026-01-09 05:18:12

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【CryptoPush】The recent trend in the crypto market is quite interesting—after a rebound, it has turned back to the $90,000 level. Data from Coinglass shows that funding rates on both CEX and DEX are generally declining, indicating a clear bearish sentiment for Bitcoin and various altcoins.

Speaking of funding rates, this mechanism is actually set up by exchanges to balance the difference between perpetual contract prices and spot prices. Don’t think of it as a fee charged by the exchange—funding rates are essentially a form of mutual compensation between long and short traders, used to adjust the cost or benefit of holding positions, preventing the contract price from drifting too far away from the spot price.

How to interpret this indicator? A simple and straightforward standard is:

Funding rate at 0.01% is the baseline
Above 0.01%? That indicates the market is generally bullish
Below 0.005%? Most traders are bearish

Currently, the latter is true—funding rates are generally low, reflecting cautious attitudes among market participants about the upcoming trend. This signal can be a useful reference for short-term traders.

BTC-0,13%

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SerumSqueezer

· 01-09 05:47

Another 90,000? No backbone this time, huh? The rebound is just a trick to get me to enter the market, right?

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BTCWaveRider

· 01-09 05:46

90,000 has dropped back again. Are these 90,000 really the ironclad bottom? Haha --- Funding rates are basically a matter of market sentiment. Right now, the data is a bit uncertain. --- Another round of "bearish signals" is coming, they keep predicting it every day. When will it actually crash? --- I trust Coinglass data, but I don't believe the people shouting short. --- If the rate is below 0.005%, isn't it the perfect time to buy the dip? Why are they still shouting short? --- The gap between contract prices and spot prices is getting smaller, indicating the market is gradually reaching consensus, all waiting for the next move. --- Repeated tests of the 90,000 level suggest someone is holding, just waiting to see who can't hold on first. --- Altcoins are also bearish along with Bitcoin, which is normal, nothing new. --- Both longs and shorts are compensating each other. The perpetual contract design is really ridiculous.

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SillyWhale

· 01-09 05:44

90,000 is giving away money again, and this time the fee rate is really lying.

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NotFinancialAdvice

· 01-09 05:37

90,000, so what? Anyway, it will eventually fall sooner or later. With such a low funding rate, who would dare to take over?

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BlindBoxVictim

· 01-09 05:18

90,000 has dropped again, this repeated fluctuation is really annoying. With such low funding rates, a lot of people are shorting. Is this going to crash? Basically, it's a signal that big players are harvesting the little guys. I don't even dare to add to my position now.

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