BTC, SOL, BNB, and ADA Funding Rate Flips Negative—Is the Crypto Market Bracing for a Drop?

As Bitcoin’s funding rate turned negative, the cryptocurrency market turned more bearish as the price of Bitcoin dropped to $107,486.36, resulting in a 2.32% drop in one day. Glassnode data shows that Bitcoin futures funding rates have turned negative, indicating a rise in short positions. Similar bearish indicators are also present in Binance Coin (BNB), […] The post BTC, SOL, BNB, and ADA Funding Rate Flips Negative—Is the Crypto Market Bracing for a Drop? appeared first on Coin Edition.