As of the latest data, Bitcoin's funding rate has stabilized with the 7-day Simple Moving Average at 0.45%, significantly lower than the 3-4% seen in early March when Bitcoin's price was at a lower level. This rate is comparable to levels observed in September and April last year, which preceded bullish price movements. In previous "dead-cat-bounce" scenarios, funding rates were higher, with March 2021 seeing a rate close to 3% before a correction to $30,000, and November 2021 rates between 0.7% and 0.8% before the 2022 bear market.
Written by Phi Deltalytics
