Bitcoin: Funding Rates Flip Positive

Bitcoin funding rates have flipped decisively positive, with traders paying premiums to hold long exposure as BTC consolidates near the mid-$70Ks, marking a sharp reversal from April’s heavily short-biased positioning in BTC derivatives.

Price action on the 4h chart shows BTC at $76883.84 trading below EMA50 resistance at $77215.71 and EMA200 at $77334.07 in a bearish structure, yet the MACD golden cross at 54.01 signals building bullish momentum while RSI at 49.19 remains neutral and price stays inside Bollinger Bands targeting upper resistance at $78189.59.