The great derivatives disconnect: Why 'negative' funding is actually a bullish signal for Bitcoin

Panelists are split on the four-year cycle's relevance, with year-end price targets varying widely from potentially not reaching a new high to possible targets of $150k or $250k. What to know : Bitcoin funding rates are extremely bearish (near -4% annualized), signaling heavy short positioning, a rare setup that has historically preceded positive returns. Resilient spot ETF demand ($1.6B this month) is shifting the market structure toward a "Wall Street machine," leading to lower volatility and more strategic allocations. Panelists are split on the four-year cycle's relevance, with year-end price targets varying widely from potentially not reaching a new high to possible targets of $150k or $250k.