Bitcoin Hits New Highs as Funding Rates Reach Lowest Levels Since 2023
Bitcoin funding rates have decreased to around -0.005%, marking the lowest levels since 2023. The price of Bitcoin has risen to approximately $74,664.13 amid these changes.
coindesk.com005% on a seven-day moving average, according to data from Glassnode. 13 during March and April. This rise in price comes despite the negative funding rates, which have historically indicated bearish market sentiment.
Negative funding rates have been observed during several notable periods in Bitcoin's history. They turned sharply negative in March 2020 when Bitcoin fell to around $3,000, and again in mid 2021 when prices dropped to $30,000 amid China's mining ban. The most extreme negative rates occurred in November 2022 during the FTX collapse, when Bitcoin bottomed near $15,000.
More recently, negative funding rates were recorded in 2023 during the Silicon Valley Bank crisis and in April 2025 during the 'Liberation Day' selloff. 36. 20.
Story Timeline
5 events- April 2025
Negative funding rates occurred during the 'Liberation Day' selloff.
1 sourcecoindesk.com - 2023
Funding rates flipped negative during the Silicon Valley Bank crisis when Bitcoin dipped below $20,000.
1 sourcecoindesk.com - November 2022
Funding rates were at their most extreme during the FTX collapse when Bitcoin bottomed near $15,000.
1 sourcecoindesk.com - Mid 2021
Funding rates were negative when Bitcoin prices dropped to $30,000 amid China's mining ban.
1 sourcecoindesk.com - March 2020
Funding rates turned sharply negative when Bitcoin fell to around $3,000.
1 sourcecoindesk.com
Potential Impact
- 01
The rise in Bitcoin's price could attract more investors despite negative funding rates.
- 02
Continued negative funding rates may lead to increased volatility in the cryptocurrency market.
- 03
The decline in funding rates may indicate bearish sentiment among traders.
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