Data shows the Bitcoin perpetual futures market has seen a negative Funding Rate recently, suggesting a bearish sentiment is dominant. Bitcoin Perpetual FuturesData shows the Bitcoin perpetual futures market has seen a negative Funding Rate recently, suggesting a bearish sentiment is dominant. Bitcoin Perpetual Futures

Bitcoin Bearish Positioning Persists As Funding Rates Hold Negative

2026/03/20 17:00
3 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Data shows the Bitcoin perpetual futures market has seen a negative Funding Rate recently, suggesting a bearish sentiment is dominant.

Bitcoin Perpetual Futures Traders Are Betting On The Short Direction

As highlighted by Glassnode analyst Chris Beamish in an X post, the Bitcoin perpetual futures Funding Rate has been negative recently. The “Funding Rate” here refers to an indicator that measures the amount of periodic fee that traders on the various centralized derivatives exchanges are paying each other right now.

When the value of the metric is positive, it means the long holders are paying a premium to the short ones in order to hold onto their positions. Such a trend implies a bullish sentiment is shared by the majority.

On the other hand, the indicator being under the zero mark implies the shorts outweigh the longs and a bearish mentality is the dominant force in the perpetual futures market.

Now, here is the chart shared by Beamish that shows the trend in the 3-day moving average (MA) of the Bitcoin Funding Rate over the past few months:

Bitcoin Funding Rate

As displayed in the above graph, the 3-day MA of the Bitcoin Funding Rate was positive earlier even as the cryptocurrency’s price went through a bearish shift. This suggests that perpetual futures traders were trying to bet on a market reversal back to a bullish trend.

In March so far, BTC has found some stability and made some recovery, but from the chart, it’s visible that the market expectations have now flipped, with shorts instead dominating. This also didn’t change during BTC’s recent rally above $75,000.

Generally, the side of the market that’s stronger is more vulnerable to mass liquidation events. As such, while the long investors were getting squeezed during the downtrend, it could be the short ones who might be at risk now.

In some other news, Glassnode has revealed in its latest weekly report how a supply gap exists between the $72,000 and $82,000 levels on the UTXO Realized Price Distribution (URPD).

Bitcoin URPD

The URPD tells us about the total amount of supply that was last moved at the various price levels visited by Bitcoin in its history. From the chart, it’s apparent that this indicator shows a chasm near the recent price levels, implying not a lot of supply has cost basis there.

Generally, supply walls above the spot price act as resistance levels as investors exit at their break-even level fearing price pullbacks. Though, while there isn’t much in the way of this on-chain resistance until $82,000, BTC’s recent attempt to get through the range still ended up in failure.

BTC Price

Bitcoin has dropped back to the $70,400 level following its latest retrace.

Bitcoin Price Chart
Market Opportunity
Bitcoin Logo
Bitcoin Price(BTC)
$70,713.46
$70,713.46$70,713.46
+1.22%
USD
Bitcoin (BTC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Wormhole’s W token enters ‘value accrual’ phase with strategic reserve

Wormhole’s W token enters ‘value accrual’ phase with strategic reserve

Wormhole has moved beyond its distribution phase, initiating a new strategy. By allocating on-chain and off-chain protocol revenue to a dedicated treasury, the cross-chain protocol is creating a direct link between its commercial success and the value of its native…
Share
Crypto.news2025/09/18 03:05
Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be

Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be

The post Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be appeared on BitcoinEthereumNews.com. Jordan Love and the Green Bay Packers are off to a 2-0 start. Getty Images The Green Bay Packers are, once again, one of the NFL’s better teams. The Cleveland Browns are, once again, one of the league’s doormats. It’s why unbeaten Green Bay (2-0) is a 8-point favorite at winless Cleveland (0-2) Sunday according to betmgm.com. The money line is also Green Bay -500. Most expect this to be a Packers’ rout, and it very well could be. But Green Bay knows taking anyone in this league for granted can prove costly. “I think if you look at their roster, the paper, who they have on that team, what they can do, they got a lot of talent and things can turn around quickly for them,” Packers safety Xavier McKinney said. “We just got to kind of keep that in mind and know we not just walking into something and they just going to lay down. That’s not what they going to do.” The Browns certainly haven’t laid down on defense. Far from. Cleveland is allowing an NFL-best 191.5 yards per game. The Browns gave up 141 yards to Cincinnati in Week 1, including just seven in the second half, but still lost, 17-16. Cleveland has given up an NFL-best 45.5 rushing yards per game and just 2.1 rushing yards per attempt. “The biggest thing is our defensive line is much, much improved over last year and I think we’ve got back to our personality,” defensive coordinator Jim Schwartz said recently. “When we play our best, our D-line leads us there as our engine.” The Browns rank third in the league in passing defense, allowing just 146.0 yards per game. Cleveland has also gone 30 straight games without allowing a 300-yard passer, the longest active streak in the NFL.…
Share
BitcoinEthereumNews2025/09/18 00:41
Trump-Backed American Bitcoin Accumulates $450M BTC, Enters Top 20 Treasury Holders

Trump-Backed American Bitcoin Accumulates $450M BTC, Enters Top 20 Treasury Holders

American Bitcoin, the Trump family-backed mining venture, is rapidly emerging as a significant player in the Bitcoin ecosystem, now holding approximately $450 million
Share
Bitcoinist2026/03/21 06:00