K33 analysis: Bitcoin's negative rate for consecutive periods is similar to past bottoming out periods, with an increasing possibility of breakthrough According to Foresight News, according to The Block, Vetle Lunde, head of K33 research, stated in a new report that the average 30 day funding rate for Bitcoin derivatives has been negative for 46 consecutive days, which is consistent with the duration of negative funding rates near the bottom of the bear market at the end of 2022. With the recent tightening of funding rates and the unusually sustained negative interest rate environment, it is increasingly likely that the price of Bitcoin will reach a new high and break through the 68 day consolidation. \Lunde pointed out that the nominal open interest contract volume is showing an upward trend, the price of Bitcoin is rising, and the periods when the daily, seven day, and 30 day average funding rates remain negative often occur near the bottom of consolidation.