Analysts: Funding rates flash typical signals before the Bitcoin market, pessimism may have peaked

CryptoQuant analyst Darkfost said in a post that Bitcoin funding rates are repeating typical signals before the surge in September 2024 and December 2022, indicating that pessimism may have peaked in the near future. From March to May, Bitcoin's correction exceeded 50%, and the accumulation of short positions pushed the funding rate down to negative values, before BTC rebounded to US$82,000 in May. The signal is now emerging again, which may leave room for bullish reconstruction in the coming months. This indicator translates into a monthly emotion aggregation tool that is more effective than the Fear and Greed Index.