TechFlow news: On February 4, CryptoQuant published an analysis stating that Bitcoin’s funding rate on Binance has plunged deep into negative territory, currently standing at -0.0045, indicating clear dominance by bearish forces in the market. Analysts noted that Binance’s neutral funding rate is 0.01%; the current figure has entered an extreme zone, suggesting a substantial accumulation of short positions and a pronounced bearish consensus among investors. Historical data shows that similar extreme conditions often foreshadow potential market reversals. Technical analysis identifies $74,000 and $69,000 as two critical price levels—investors may monitor these levels for trading decisions.
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