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Bitcoin funding rates across all exchanges have slipped into negative territory while BTC trades near $76.9K, according to a CryptoQuant chart tracking funding rates and price action. The chart shows a recent cluster of red bars, marking a shift from the mostly positive funding periods seen during earlier market advances.
The data covers Bitcoin’s funding rate movement from late 2021 through early 2026. It also tracks Bitcoin’s dollar price on the same timeline. Green bars show positive funding rates, while red bars show negative funding rates.
At the far right of the chart, Bitcoin trades around $76.9K. At the same time, the circled section shows negative funding activity across exchanges. This creates a clear contrast between the price rebound and the bearish tilt in derivatives positioning.
The chart shows Bitcoin funding rates moving below the neutral line in the latest period. Red bars dominate the circled area, showing that negative rates have appeared more frequently.
Funding rates show the cost traders pay to hold long or short positions in perpetual futures markets. Positive rates usually show stronger long-term demand, while negative rates show stronger short-term demand
In the latest section, the red bars appear after Bitcoin dropped from higher levels seen in 2025. Then, BTC rebounded from the lower range and moved back near $76.9K.
That move places the market in a notable setup. Price has recovered from recent weakness, yet funding rates still show pressure from short-side positioning.
The chart does not show exchange names, contract details, or trade volume. It only displays Bitcoin funding rates across all exchanges and Bitcoin’s price in U.S. dollars.
Bitcoin’s price line shows a long recovery from the lows of 2022. The chart places BTC near $20K in late 2022 before the market started a steady climb through 2023. By early 2024, Bitcoin had moved above the $50K area. The chart then shows stronger price movement through late 2024 and early 2025.
During that advance, funding rates often stayed positive. Green bars expanded during several periods, showing stronger demand for long exposure as the price climbed. Bitcoin later moved near the $100K region in 2025, based on the chart’s right-side price scale. After that, the price pulled back sharply before recovering toward the latest $76.9K level.
This sequence gives the chart its main market signal. Bitcoin has not returned to the previous upper range, but it has recovered from the latest low zone.
The chart does not answer whether this trend will continue directly. Still, it shows a visible mismatch between improving spot price action and weaker futures sentiment.
Read More: Ethereum Market Signal: Negative Funding Rate Raises Bearish Concerns
The chart also shows several large funding spikes across the full timeline. Some of the largest green bars appear during earlier bullish phases, especially around the 2024 rally. Those green spikes show periods when long demand increased sharply. At those points, traders paid higher funding costs to maintain bullish positions.
The chart also shows deep red funding events in earlier years. Some of the largest negative bars appear during 2022 and early 2023, when Bitcoin traded at much lower price levels. Those earlier red bars came during periods of market stress. Bitcoin’s price line also traded near cycle lows during part of that stretch.
By comparison, the latest negative funding cluster appears while Bitcoin trades far above the 2022 lows. This makes the current setup different from earlier deep bearish phases.
The most recent section shows short-side pressure, but the price remains near $76.9K. That keeps the focus on whether futures traders continue to lean defensive while Bitcoin holds its recovery. The chart’s source label identifies CryptoQuant as the provider. It presents the data as “Bitcoin: Funding Rates - All Exchanges,” with prices shown in white and funding rates shown in green and red.
Bitcoin funding rates have turned negative across exchanges even as BTC rebounds near $76.9K. CryptoQuant data shows futures traders remain cautious after Bitcoin’s recent pullback and recovery. The key takeaway is that traders should watch whether price strength continues while derivatives sentiment stays defensive.
