K33 Bitcoin fund rates have been negative for 46 consecutive days, and the probability of short positions has increased

According to research firm K33, the average daily funding rate for Bitcoin 30 has been negative for 46 consecutive days, which is the same as the duration of the bear market bottom in 2022. Historically, only March to May 2020 (63 days) and 2021 There has been a longer period of negative funding rate from June to August (49 days). VetleLunde, director of research at K33, pointed out that the current negative fund rate is combined with the increase in open interest and the rise in prices. The short sentiment is extremely aggressive, and the probability of short and short positions increases. Bitcoin is expected to break through the 68-day consolidation range. Bitcoin has rebounded 23% from its February 6 low of approximately US$60,000, but is still down about 41% from its October 2025 historical high of approximately US$126,000.