<ul><li>The price of Bitcoin has shown significant recovery in recent weeks, raising questions about the sustainability of the bullish momentum and the potential for a new all-time high price.</li><li>On-chain data suggests that Bitcoin might be starting a strong upward trend, with a positive correlation between BTC price and Binance funding rates.</li><li>Positive funding rates on Binance indicate a bullish sentiment in the market, while low funding rates suggest dominance by short sellers.</li><li>Analyst Burak Kesmeci highlighted instances where positive funding rates on Binance coincided with notable increases in Bitcoin price, indicating a potential short-term upward trend.</li></ul>

Bitcoin Funding Rates Remain Positive On Binance — Strong Uptrend Confirmed?

Discover more