Bitcoin $75,000 breakout fails but a rare signal is hinting at major market bottom

Derivatives funding rates have now remained negative for 46 days, a streak last seen following the FTX crash which marked the bottom of 2022's crypto winter. What to know : Bitcoin briefly topped the key $76,000 level before reversing to $74,000, extending a two-month struggle to sustain a true breakout. Funding rates on Binance's bitcoin perpetuals have remained negative for 46 days, even as open interest rises, indicating persistent bearish positioning. Such extended risk-off regimes, marked by crowded short trades, have historically preceded sharp upside moves and attractive entry points, K33 Research's Vetle Lunde said.