Bitcoin Returns to Rebound Rally Starting Point, Funding Rate Reflects Investors Trying to Buy the Dip

BlockBeats News, June 3rd, according to Coinglass data, Bitcoin has completely ended its two-month-long rebound trend, falling back below $67,000 this morning. However, investors in the market may be trying to buy the dip.

Looking at spot data, as of the time of writing, the net inflow of Bitcoin spot funds across the entire network in the past 8 hours was $30.3477 million.

In the futures market, the net outflow of Bitcoin futures funds across the entire network in the past 24 hours was $2.595 billion. However, the market sentiment reflected by the funding rate is not as bearish as it was two months ago (as shown in the chart). Currently, on all major platforms, the funding rates for Bitcoin and Ethereum futures are positive. The funding rate for altcoins shows that the market is not bullish, but the situation of negative funding rates is also not as severe as it was two months ago.