Is Bitcoin's recent performance a bit dull? Yesterday's data shows that Bitcoin's volatility reached 2.01%, which is even higher than the average level since mid-May. What does this mean?



From a larger time frame, Bitcoin has been oscillating between $80,000 and $95,000 over the past month, showing a lack of direction. More interestingly, the funding rate for perpetual contracts has been in negative territory, which precisely indicates that the bearish voices are prevailing in the market.

A negative funding rate means longs are paying shorts, suggesting that market participants' confidence in the future trend still needs to improve. Although volatility has increased, a major market move doesn't seem to be imminent. How long can this stalemate last? The next moves are worth watching.
BTC0.32%
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BankruptcyArtistvip
· 1h ago
Bored? This is just building up momentum, waiting for the moment the wind turns... --- Negative funding rates are just clownish short squeezes; the real bulls are sleeping peacefully. --- I'm already tired of the 80,000 to 95,000 range. When will we see a threefold jump? --- Stalemate? I don’t believe it. Clearly, the main players are just shaking out the weak hands. --- Bullish traders are funding the bears, hilarious... This market is really a bit ironic. --- Rising volatility? What’s the use? Volatility without direction is just cutting the leeks. --- Negative funding rates indicate the bottom hasn't arrived yet. Keep waiting.
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TokenTaxonomistvip
· 1h ago
nah the perps data is actually taxonomically fascinating here—shorts literally getting paid to exist, which statistically speaking only happens when conviction completely evaporates. per my analysis, this isn't boring, this is evolutionary dead-end territory.
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ChainBrainvip
· 1h ago
Negative fee rates are firmly suppressing the bulls; this move is indeed uninteresting.
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GhostInTheChainvip
· 1h ago
Negative funding rates... Shorts are in the spotlight, while longs are being squeezed painfully. --- 8万 to 9.5万 keeps pulling back and forth, when will we see a decent market? --- It feels like the market is waiting for some signal. Who can break through this layer of silence? --- Is a volatility of 2.01% high? I honestly fell asleep. --- Perpetual rate being negative for so long, longs are really trapped and doubting life... --- Stalemate is one thing, but I'm afraid of a breakout leading to a quick run 🚗. --- The hardest time is when there's no confidence. Who dares to take over during this phase?
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CryptoPunstervip
· 1h ago
Smiling and losing this trade, negative fee rates mean the longs are paying tuition to the shorts. The longs are now riding the elevator between heaven and hell; we spectators are the real winners. Repeatedly chopping between 80,000 and 95,000, it's like spinning in a grass-cutting machine cutting chives. The fee rate is still negative, indicating that the market is waiting for a decisive moment. Dreamers, it's time to wake up. Boring? Not at all. This is called "brewing before getting rich." It's our turn soon. Negative funding rate, simply put, means the longs are paying money for nothing. This move is absolutely brilliant. The oscillation range is locked in; either break out or continue to be trapped. That's the life of the chives. This market trend is "see it but can't get it." Everyone, get ready for losses.
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CantAffordPancakevip
· 1h ago
The short sellers are celebrating, while the longs are footing the bill. This situation really hits hard.
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VCsSuckMyLiquidityvip
· 1h ago
Boring? This is actually an opportunity for smart investors to get in. When others are fearful, I am building positions. --- Negative funding rates are not scary; what’s scary is that you don’t have cash to buy the dip. --- Wait, a negative funding rate? What does that indicate? Bears are gaining strength, I need to be cautious. --- This range between 80,000 and 95,000 has been oscillating for a while. It feels like something’s about to happen. --- Hey, are the bulls paying the bears? Then I must try to buy the dip today and test the waters. --- A real big move? Come on, guys, with the current trading volume, there’s no way to create waves. --- Stalemate? That’s a sign of a mature market. Patience and wait for the divergence. --- Volatility is rising but there’s no sense of direction. This is the most frustrating market—nothing dare to move. --- Negative funding rates are just beginning; bears will continue to celebrate. Don’t rush to buy in. --- Boring? I think something big is brewing.
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