$BTC
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Bitcoin News: Funding Shifts Amid Political Clashes
As political tensions between US President Donald Trump and Elon Musk escalated, the bitcoin news today focuses on the market’s sharp sentiment shift. The Binance funding rate for Bitcoin (BTC) flipped from positive to negative in mere hours. This significant change highlights the impact of global events on cryptocurrency markets.
Negative Funding Rates on Binance Signal Fear
According to insights from a CryptoQuant post, the BTC funding rates on Binance have turned negative, despite the cryptocurrency trading above the $100,000 mark. This sudden reversal from +0.003 to -0.004 funding rate is largely attributed to the ongoing public disagreement between Trump and Musk. Such a quick shift often indicates rising fear and uncertainty among investors. After this change, BTC’s price fell sharply from the mid-$100,000 range to $100,984.
Potential for a Bitcoin Short Squeeze
The recent dip in BTC prices might present an attractive buying opportunity. If bitcoin rebounds, this could intensify buying pressure, potentially triggering a short squeeze that could drive prices even higher. Historical data from CryptoQuant reveals that similar negative funding scenarios have previously led to robust price surges. For instance, on several occasions, BTC prices rallied significantly after dipping into negative funding zones.
Whales Are Bullish on Bitcoin
Despite some market volatility, Bitcoin whales continue to show their confidence by accumulating substantial amounts of BTC. Recent acquisitions by new whales total around $63 billion, underscoring a strong belief in the near-term potential of Bitcoin. This trend is supported by a recent analysis predicting that BTC could climb to as high as $130,000 by the end of Q3 2025.
Caution Advised Despite Bullish Signals
While many signs point to a potential bullish run, some analysts recommend caution, suggesting that BTC might dip below $100,000 before making a bullish recovery. Currently, Bitcoin trades at $104,069, reflecting a slight decrease over the last 24 hours.
For more detailed insights into the bitcoin market and other financial news, visit [Financier News](https://www.financier.news/). If you are interested in further cryptocurrency analysis, check out [Binance](https://www.binance.com/) for more information.
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