<ul data-eligibleForWebStory="true"><li>Bitcoin has shown signs of recovery, surpassing $105,000, but the sentiment among Binance traders has turned bearish as funding rates on the platform have dropped into negative territory.</li><li>Negative funding rates on Binance are seen as an indication of increasing bets on a further decline in Bitcoin's price, potentially leading to bearish pressure on the cryptocurrency.</li><li>Historically, negative funding rates have sometimes preceded short squeezes, suggesting that market dynamics could shift as Bitcoin experiences heightened volatility and changing momentum.</li><li>Market expert Michael Van De Poppe predicts a surge to new all-time highs for Bitcoin, with a significant resistance level at $106,500 expected to be overcome in the near future, potentially leading to a rally in July.</li></ul>

Bitcoin Bearish Bets Mount: Funding Rates On Binance Slides Into Negative Territory

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