BTC funding rate turns negative, leading to an increase in short positions for tokens such as BNB and ADA

According to Foresight News, as monitored by Glassnode, the Bitcoin funding rate has just turned negative. Among the top ten cryptocurrencies by market capitalization, short positions are quietly being established, and both BNB and ADA are showing signs of pressure. It is worth noting that Solana currently ranks sixth in terms of funding rates among all assets traceable by Glassnode Studio.