<ul><li>Bitcoin faces pressure after a 7% drop from its all-time high, with uncertainty in global markets adding to volatility.</li><li>Funding rates in Bitcoin derivatives market remain low, indicating cautious sentiment among traders, possibly signaling a healthier market foundation.</li><li>BTC is testing a crucial support zone around $103,600-$104,000, with the potential to form a higher low for a bullish rebound, but a break below could lead to a deeper correction.</li><li>Market analysts suggest that the low-risk environment in Bitcoin derivatives, despite the current pullback, could pave the way for a potential upside breakout if funding rates stay balanced.</li></ul>

Bitcoin Funding Rates Stay Low As Traders Wait – A Healthy Sign For The Next Leg?

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