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As political tensions between US President Donald Trump and Elon Musk escalated yesterday, the Bitcoin (BTC) market skilled a pointy shift in sentiment, with the funding fee on Binance flipping from constructive to detrimental inside hours.
Bitcoin Funding Charges Flip Adverse On Binance
Based on a CryptoQuant Quicktake put up by contributor Darkfost, BTC funding charges on Binance have as soon as once more turned detrimental, whilst the highest cryptocurrency continues to commerce above the $100,000 mark on the time of writing.
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The analyst attributed the sudden reversal in funding – from +0.003 to -0.004 – to the general public spat between Trump and Musk on social media. This fast shift displays rising concern amongst market individuals amid heightened uncertainty.
Following the sentiment shift, BTC fell from the mid-$100,000 vary to a low of $100,984, in keeping with CoinGecko. Over the previous two weeks, the asset has declined by 4.1%.
That stated, the present dip might supply a main shopping for alternative to traders. If Bitcoin rebounds strongly, it may lead to a robust resurgence in shopping for strain, resulting in a brief squeeze that will propel BTC’s value additional up.
Darkfost highlighted that there have been three cases in the course of the present market cycle when BTC witnessed such deep detrimental funding. Notably, every of those cases had been adopted by a robust upward transfer within the cryptocurrency.
For instance, on October 16, 2023, BTC dipped into detrimental funding territory earlier than rallying from $28,000 to $73,000. The same sample performed out on September 9, 2024, when the asset surged from $57,000 to $108,000.
The newest case was on Might 2, 2025, when BTC jumped from $97,000 to a brand new all-time excessive (ATH) of $111,000. If historical past repeats, then the market might even see a brand new ATH for BTC within the coming weeks. Darkfost famous:
Such excessive readings usually mark moments of most pessimism, exactly the sort of sentiment that may precede a robust bullish reversal when the brief time period negativity is gone.
Massive Buyers Enhance BTC Publicity
In the meantime, Bitcoin whales – wallets holding massive quantities of BTC – proceed to build up at a fast tempo. Notably, new whales have acquired BTC price $63 billion, reflecting sturdy confidence within the asset’s near-term prospects.
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Supporting this bullish outlook, current evaluation by QCR Capital signifies that giant traders anticipate BTC to surge to as excessive as $130,000 by the top of Q3 2025. Moreover, the realized cap held by long-term holders has surpassed $20 billion, reinforcing constructive sentiment.
That stated, some analysts urge warning, anticipating BTC to crash under $100,000 earlier than resuming its bullish momentum. At press time, BTC trades at $104,069, down 0.5% up to now 24 hours.
Featured picture from Unsplash, charts from CryptoQuant and TradingView.com