Bitcoin and Cardano funding rates fall to multi-month lows
Image: CoinGapeBinance's Bitcoin funding rate fell to about -0.00215, its lowest since last January, with BTC near $83,000. Cardano's funding rate dropped to -0.0183%, its lowest in 16 weeks, as ADA fell 4.84% to $0.239 and was down 14% since October 6. Negative funding means short holders pay long holders. Cardano's CIP-0113 token standard launched on mainnet on October 7, and active addresses rose to 27,500 that day. Per analyst Arab Chain, the Bitcoin reading moved from positive levels into negative territory.
Key points
- Bitcoin and Cardano funding rates turned negative, signaling bearish futures positioning in both markets.
- Negative funding means short-position holders pay fees to long-position holders to keep positions open.
Why it matters
Negative funding shows traders are paying to stay short in both markets. For crypto users, the readings indicate bearish futures positioning even as Cardano's network activity rose and its CIP-0113 standard launched.
What's unclear
Whether Bitcoin's negative funding will persist or recover toward neutral is not known.
Whether spot demand will rise enough to pressure short positions is unknown.
Price context · ADA
At publication
$0.2378
Now
$0.2361
Change since
−0.70%
7 days · dashed line = publication
Sources · 2 publishers
CoinGape
Tier 2
Cardano Price Prediction as ADA Funding Rate Hits 16-Week Low Despite CIP-0113 Mainnet Launch
Coverage timeline
- First reported by Coinpedia
- Confirmed by CoinGape
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
