{"id":26763,"date":"2026-04-27T07:48:53","date_gmt":"2026-04-27T07:48:53","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-bears-pile-in-as-funding-rates-hit-extreme-lows\/"},"modified":"2026-04-27T07:49:03","modified_gmt":"2026-04-27T07:49:03","slug":"bitcoin-bears-pile-in-as-funding-rates-hit-extreme-lows","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-bears-pile-in-as-funding-rates-hit-extreme-lows\/","title":{"rendered":"Bitcoin bears pile in as funding rates hit extreme lows"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p><strong>Bitcoin (BTC) failed to hold its move toward $80,000 after a sudden wave of selling hit the derivatives market. The price dropped about 2.5% within a few hours and moved back below $78,000.<\/strong><\/p>\n<div id=\"cn-block-summary-block_5d5dc7c9313df9cd79a81a3ca193b076\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin dropped below $78,000 after $1.35 billion in hourly sell pressure hit derivatives markets.<\/li>\n<li>Binance led the move with about $1.2 billion in sell volume within one hour.<\/li>\n<li>Analysts said negative funding and falling Binance reserves may point to stronger long-term holders.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>CryptoQuant analyst Darkfost said there was no clear announcement behind the move. He linked the correction to strong sell activity in futures markets as BTC approached the $80,000 zone.<\/p>\n<p>Darkfost said Binance <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoquant.com\/quicktake\/69ef0a5f17b5395c97a11756-BTC-rejected-before-80K-after-135B-hourly-sell-pressure-while-funding-rates-rema\" target=\"_blank\" rel=\"nofollow\">recorded<\/a> about $1.2 billion in sell volume within one hour. Across all exchanges, Bitcoin saw about $1.35 billion in selling pressure during the same period.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The analyst said the data shows Binance remains a key venue for Bitcoin derivatives activity. The sharp move forced BTC to reverse before breaking the $80,000 level.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Funding rates remain deeply negative<\/strong><\/h2>\n<p>Darkfost also noted that Bitcoin funding rates have stayed highly negative for several weeks. He said the 30-day cumulative funding rate has reached -7%, one of the lowest readings on record.<\/p>\n<p>Such negative funding can create short-term pressure when traders build aggressive short positions. However, late short entries can later turn into buying pressure if prices move against them.<\/p>\n<h2 class=\"wp-block-heading\"><strong>On-chain data points to stronger holders<\/strong><\/h2>\n<p>Another CryptoQuant analyst, GugaOnChain, said Bitcoin\u2019s current cycle looks different from past panic phases. He argued that large holders did not sell heavily during the recent geopolitical shock.<\/p>\n<p>The analyst said Bitcoin saw early de-risking after the 2025 top. He said weak hands sold during the decline, while stronger investors absorbed supply near lower price zones.<\/p>\n<p>GugaOnChain also <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoquant.com\/quicktake\/69eed9f77c981667c6c2e31f-Bitcoins-New-Architecture-Tactical-De-Risking-Stasis-and-the-End-of-Capitulation\" target=\"_blank\" rel=\"nofollow\">pointed<\/a> to Bitcoin\u2019s realized price and spot recovery as signs of stronger market structure. He said the spot price recovered toward $79,000 while realized price stayed near $54,100.<\/p>\n<p>The analyst added that Binance reserves fell by about 44,000 BTC after the shock. He described this as evidence that coins moved away from exchanges and into longer-term storage.<\/p>\n<p>Bitcoin now trades in a market split between short-term derivatives pressure and stronger spot behavior. Traders are watching whether negative funding will keep weighing on price or create conditions for a short squeeze.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) failed to hold its move toward $80,000 after a sudden wave of selling hit the derivatives market. The price dropped about 2.5% within a few hours and moved&hellip;<\/p>\n","protected":false},"author":1,"featured_media":13547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=26763"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26763\/revisions"}],"predecessor-version":[{"id":26764,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26763\/revisions\/26764"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/13547"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=26763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=26763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=26763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}