Bitcoin funding rate turns negative for first time since May as shorts pile in
- —Bitcoin funding rate turned negative for the first time since May 2026
- —Bybit funding rate stands near -0.011%
- —Negative funding means short traders pay longs
- —BTC trades in the mid-$80,000s after retreating from $87,000
Why it matters: Accumulated short positions could fuel a short squeeze if the price holds and turns higher.
Source: Siam Blockchain