The Bitcoin market is experiencing interesting fluctuations. In the recent price surge, Funding Rates increased sharply mid-way, indicating a slow increase in demand. However, after Bitcoin was rejected at the resistance level of $108K, Funding Rates dropped significantly.

This indicates:

- Outflow of capital: Commitment from traders in the derivatives market is decreasing.

- Weak upward momentum: Lack of support to maintain the upward trend.

If Bitcoin cannot hold above the support level of $90K, the market may face:

- Increased selling pressure: Due to loss of confidence from participants.

- Deeper corrections: May test lower Fibonacci levels.

Conversely, if Funding Rates recover alongside strong buying activity, Bitcoin may stabilize and continue the upward trend.