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Bitcoin funding rates have dropped to their lowest levels since 2023, according to Frank Chaparro, citing data from CoinDesk and Glassnode. This latest decline indicates a shift in sentiment among derivatives traders and may signal changing expectations for BTC price movement.
Chaparro's update points to a notable change in the derivatives market, as funding rates are often used as a gauge of market positioning.
Chaparro recently highlighted Citigroup's search for a senior executive to combine AI and blockchain tokenization efforts in its wealth division, according to a current job posting. He also reported that Kalshi reached a $22 billion valuation following ICE's $600 million commitment to Polymarket, signaling activity in the prediction market space as detailed in a recent update. These developments come as attention remains focused on technology and market structure within digital assets.