Deep潮 TechFlow news, January 9, according to analyst ShayanBTC, any sustained sharp rise in market prices usually relies on an increase in funding rates, which indicates strong demand in the derivatives market. Without this growth, the upward trend may falter. Notably, this growth does not necessarily need to happen immediately, but a lack of such growth during the rally raises concerns about market strength.
In the recent Bitcoin surge, funding rates showed a significant increase midway through the uptrend, indicating a delayed influx of demand. However, after Bitcoin failed to break through the resistance level of $108,000, funding rates plummeted. This decline highlights:
Capital outflow: traders' contributions to the derivatives market have decreased.
Weak bullish momentum: insufficient strength to support the upward trend. The current state of funding rates aligns with broader market sentiment, with participants showing hesitation, especially after the rejection at $108K.
If Bitcoin fails to maintain the support level at $90K, the market may face:
Increased selling pressure: triggered by a loss of confidence among participants.
Deeper corrections: possibly testing lower Fibonacci levels or psychological thresholds.
Conversely, if funding rates recover with strong buying activity, Bitcoin may stabilize and re-enter an upward trajectory.
