Bitcoin's $81K Rally Comes Amid 66-Day Negative Funding Streak: Here’s Why
The story
Shorts have paid a 12% annualized carry for 66 days amid Bitcoin's climb—analysts say the driver is institutional hedging, not fear.
From the source
Price data by In brief Bitcoin s 30-day average funding rate has been negative for 66 days—the longest streak this decade—as shorts pay an annualized carry of around 12%. Open interest rose 12% while funding stayed negative, consistent with institutional hedging rather than fear-driven directional shorts. Historical data show buying Bitcoin during negative funding regimes delivers an 83–96% win rate across all measured time horizons. Bitcoin has surged to $81,000, but derivatives markets are flashing an unusual signal: the longest streak of negative funding rates this decade.
The leading crypto is up 2.9% over the past 24 hours and is currently hovering at around $81,250, according to CoinGecko .
The 30-day average funding rate for Bitcoin perpetual swaps—contracts that track Bitcoin s spot price without an expiry date—has remained negative for 66 consecutive days, according to Monday tweet from Vetle Lund, head of research at K33 Research.
Who and what
Key names and topics in this story: Bitcoin, Rally Comes Amid, Negative Funding Streak, Here.
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