Binance Funding Rates Point to Bullish Momentum for Bitcoin

Recent trends suggest a positive shift in Bitcoin’s market sentiment, with Binance funding rates remaining consistently positive since October 22nd. This indicator often signals short-term bullish reversals after local price bottoms. As of today, Bitcoin trades around $114,300, demonstrating strength despite recent price consolidation. Analysts attribute this rise to growing institutional interest fueled by the influx of spot ETFs.