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Bitcoin funding rates hit lowest since 2023, sparking $125K price target from bulls amid bearish market setup.

Market News
17 Apr 2026
The Currency Analytics
View Source
Bullish
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Bitcoin perpetual futures funding rates have dropped to their most negative levels since early 2023, indicating traders are paying premiums to hold short positions. This bearish signal on derivatives markets suggests overcrowded shorts, which historically can lead to a short squeeze and rapid price rally. Analyst Daniel Reis-Faria predicts Bitcoin could surge to $125,000 within 30 to 60 days if a short squeeze occurs, despite current negative sentiment. The market awaits a shift in spot demand or price action to confirm whether this setup leads to a bullish rally or continued decline.

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