Bearish Sentiment Dominates Amid Market Volatility
Recently, Bitcoin's price has fluctuated between $62,000 and $68,000, with a clear bearish sentiment dominating the market. According to CryptoQuant analysis, the funding rates in the futures market have remained negative, indicating strong selling pressure.
This trend contrasts sharply with Bitcoin's performance in the $80,000 range, where funding rates were predominantly positive and market sentiment was more optimistic.
Selling Pressure Hits 3-Month High
Since 2025, sellers have largely controlled the market, with buyers mainly absorbing supply. The current level of selling pressure has reached its highest point in three months, signaling increased short-term market stress.
- Bitcoin price fluctuates in a tight range
- Funding rates remain negative
- Selling pressure hits 3-month peak
Declining Leverage Levels
Despite the weak price action, analysts noted that Bitcoin's futures market has maintained high leverage for 16 consecutive months. However, excessive leverage has been gradually declining since the last all-time high.
While the price drop has triggered forced liquidations for some investors, it has also improved the overall health of market leverage, which could serve as a positive signal for the long term.