Bitcoin Funding Rates Turn Bearish on Major Exchanges After Rebound to $94,600

Bitcoin briefly traded above $94,600 on Dec. 10 following an overnight rebound, but funding rates on major centralized and decentralized exchanges shifted back toward a bearish bias after holding neutral on Dec. 8, Coinglass data cited by BlockBeats show. Funding rates are payments transferred between long and short traders on perpetual contracts to keep prices aligned with the underlying asset. Rates above 0.01% signal broadly bullish positioning, while rates below 0.005% indicate bearish sentiment, BlockBeats notes.