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The price of Bitcoin was somewhat slow in the last days of April before bursting to life again to begin the new month of May. The premier cryptocurrency has since made a return near $98,000, flirting with the highly coveted $100,000 level to kick off the weekend.
Since losing the $100,000 price mark in early February, BTC has struggled to put up any major positive run in the past three months. The latest on-chain data suggests that the dream of reclaiming a six-figure valuation might truly be on, with the Bitcoin price looking to resume its bull run.
What Negative Funding Rates Mean For BTC Price?
In a recent Quicktake post on the CryptoQuant platform, on-chain analyst Amr Taha revealed that the Bitcoin funding rates on Binance have witnessed a significant decline in the past few days….
