[BTC Funding Rate Turns Negative, Bears Regain Dominance in Derivatives Market] Odaily Planet Daily reports that Darkfost posted on the X platform stating that Binance's BTC funding rate has turned negative, dropping to -0.0073%, indicating strong bearish demand in the derivatives market. Binance's funding rate formula uses a 0.01% interest rate parameter, so the neutral funding rate is not 0%. The last time a similar situation occurred was in June of this year, when BTC's price was approximately $62,000. Darkfost noted that this week, both the U.S. CPI and PPI exceeded expectations, fueling market anticipation of future rate hikes by the Federal Reserve. BTC experienced a pullback after breaking through $87,000 a few days ago. Currently, attention should be focused on the $80,000 and $74,000 price levels.