BTC funding rates most negative since 2023

BTC funding rates most negative since 2023

Published: April 16, 2026

Duration: 7:17

BTC funding rates just hit their most negative since 2023. Price sits at $74K. Short-term holders are hunting exits. Historically, this is where bottoms form — not where they break.

Today's key developments:
• Bitcoin funding rates just hit their most negative reading since 2023 — and history says that's actually a bullish setup.
• Drift Protocol just raised $148 million from Tether and partners — days after a massive exploit — and is replacing USDC with USDT as its primary stablecoin.
• Bitcoin developers are proposing BIP-361 — a plan to freeze wallets that are vulnerable to quantum computing attacks.


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