Bitcoin Breaks $90,000 Barrier: Negative Binance Funding Rates Spark Market Caution

Bitcoin has experienced a significant rebound, soaring over 20% from its recent lows to reach the lower $90,000 mark. CryptoQuant highlights that negative funding rates on Binance perpetual contracts persist, pointing towards ongoing market caution despite the price surge. This contradicts the positive sentiment observed in on-chain data and rising spot Bitcoin ETF inflows, indicating a divergence between short-term trading activity and long-term investor optimism.