Bitcoin price jumps as funding rates turn bullish and analysts predict upward momentum continuing from Binance data in the United States
Cryptocurrency

Bitcoin price jumps as funding rates turn bullish and analysts predict upward momentum continuing from Binance data in the United States

Bitcoin has been turning heads again.

After a relatively quiet period, the price of the world’s largest cryptocurrency is back on the rise, and it’s got investors asking the same burning question: is this the beginning of another bull run, or just a clever trap?

The crypto market is no stranger to dramatic moves, but the latest on-chain data hints at something more promising—maybe even the start of a real rally.

What Funding Rates Say About Bitcoin’s Next Move

Let’s break it down.

An analyst named Burak Kesmeci recently posted a deep dive on CryptoQuant, a popular platform for blockchain data. His focus? Funding rates on Binance, which might be giving us a sneak peek into where Bitcoin is headed in the short term.

Now, if you’re not familiar, funding rates are fees exchanged between traders in Bitcoin’s perpetual futures market.

Basically, they help keep the price of futures contracts in line with the real, spot price of Bitcoin.

Here’s how it works:

  • Positive funding rates = bullish market.

  • Long traders (those betting the price will rise) are paying short traders.

  • Negative or low funding rates = bearish market.

  • Short traders (those betting the price will drop) are paying the longs.

Two Moments That Support the Bullish Case

Kesmeci’s analysis points to two key time periods where funding rates and Bitcoin’s price were clearly moving in sync.

📈 April 10 to April 22:

Funding rates turned positive and hovered around 0.0030 or higher.

During that same stretch, Bitcoin’s price jumped from $79,000 to $93,000.

📈 May 6 to May 10:

Once again, funding rates went positive—and Bitcoin climbed from $95,000 to $103,000.

In both cases, the trend was clear: when the funding rates on Binance leaned bullish, Bitcoin followed suit shortly after with a solid price increase.

What Does It Mean for Bitcoin Now?

Kesmeci’s takeaway? The combination of spot market buying and consistently positive funding rates suggests Bitcoin could be in the early stages of a short-term uptrend.

If this momentum keeps up, he believes we might see Bitcoin not only test its current all-time high but possibly push into uncharted territory.

Of course, nothing in crypto is guaranteed—but it’s one of the stronger signals we’ve seen in recent weeks.

Quick Snapshot of Bitcoin Today

As of now, Bitcoin is trading around $103,605, up about 0.5% in the last 24 hours.

While that’s not a major leap, it does show steady movement—and in crypto, steady can be just as powerful as explosive.

(Chart Source: TradingView)

Behind the Scenes: How Bitcoinist Builds Trust

If you’re wondering where this information comes from, rest assured—it’s not just guesswork.

Bitcoinist’s editorial process is all about accuracy, depth, and transparency.

Every article is reviewed by industry experts and seasoned editors, ensuring the data is well-sourced, the facts are checked, and the insights are reliable.

We know the crypto space can be noisy and confusing, so we make it a point to cut through the hype and bring you clear, unbiased analysis.

So… What’s Next for Bitcoin?

That’s the million-dollar question.

Will funding rates stay positive? Will the bullish sentiment last long enough to push Bitcoin to a new all-time high? Or will short sellers swoop in and flip the script?

Whatever happens, one thing’s clear—Bitcoin is heating up again.

And with more eyes than ever watching its every move, the next few weeks could be crucial.