Binance funding rates for Bitcoin turned positive on October 22, 2025, marking a significant shift in market sentiment after weeks of uncertainty. This key metric, used to gauge trader sentiment in the perpetual futures market, indicates that long positions are paying short positions, suggesting more traders expect Bitcoin's price to rise.
According to data from CryptoQuant, the funding rates have remained positive since October 22, highlighting renewed support for Bitcoin's recovery in both spot and derivatives markets. "Since October 22, 2025, the metric has stayed positive, suggesting renewed support for Bitcoin’s recovery on both spot and derivatives markets," stated an analyst from CryptoQuant.
Bitcoin's price showed resilience during this period, recovering from approximately $107,500 to $113,900 between October 22 and 29, aligning with the shift in funding rates. Historical precedents, such as sustained positive rates in late May and mid-July 2025, have often preceded robust rallies, with traders now eyeing potential targets in the $120,000–125,000 range if momentum holds.
Macroeconomic factors, including recent Federal Reserve rate cuts, have increased market liquidity, supporting leveraged long positions. The alignment of spot and derivatives markets points to a healthier structure, often a prerequisite for sustainable rallies. As the largest global exchange, Binance's trends can influence broader market dynamics, with potential spillover effects to altcoins if Bitcoin's uptrend continues.
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