Bitcoin Rebounds While Funding Rates Signal Bearish Bets from Traders

Bitcoin prices rebound over 20%, yet Binance Futures maintain negative funding rates. More than $500 million worth of BTC withdrawn from exchanges points to whale accumulation. The weekly chart shows higher highs and lows, indicating continued bullish momentum despite prevailing bearish sentiment in futures markets.

Bitcoin has shown a notable rebound, with prices up by over 20% recently. However, funding rates on Binance Futures continue to hover in negative territory. CryptoQuant suggests this could indicate a disconnect, with Bitcoin’s price possibly heading towards $95,000, despite funding rates failing to rise. Analyst avocado_onchain notes that a positive funding rate typically signals bullish sentiment, but right now, many traders seem to be betting against Bitcoin.

In another development, there’s been significant movement of Bitcoin off exchanges. Over $500 Million worth of BTC has been withdrawn from platforms like Coinbase, indicating a trend among whales to accumulate rather than sell. On April 25, 2025 alone, more than 7,000 BTC were pulled from Coinbase. This kind of activity usually signals long-term holding strategies, tightening supply and reinforcing bullish market pressure.

The Whale Screener data shows not just Bitcoin moving off exchanges but Ethereum too, about $150 Million worth during the same timeframe. Market behaviour reflects that large withdrawals often occur amidst price consolidations or rises. As BTC dipped towards $80,000 in April, major withdrawals surged, paving the way for a quick recovery to around $95,000. This shows that buyers are active during dips, underpinning the prevailing uptrend.

Technical analysis indicates Bitcoin maintains a bullish outlook on the weekly chart. It has been forming higher highs and lows since early 2023. Whenever BTC has faced corrections, it has shown a capacity to recover while making new highs. Most recently, it surged above $94,000 after establishing a higher low near the $70,000 mark. The weekly RSI also points to a strong upward bias, suggesting that the bullish narrative is still very much alive.

Despite the negative sentiment in futures trading, the overall technical setup for Bitcoin looks strong. Whale activity, ongoing accumulation, and the positive momentum in price affirm that Bitcoin could likely break its previous all-time highs. However, potential investors should remember that trading and investing in cryptocurrency carry inherent risks, as noted in our disclaimer.