It is trading sideways with exceptionally minimal volatility.
Given the market's current bearishness, the price may be rejected and make new annual lows.
The market will undoubtedly rise as a result of a massive short-squeeze event.
The perpetual futures market has a significant influence on Bitcoin's short-term value movement.
The Funding Rates indicate if futures traders are generally bullish.
Negative numbers indicate a pessimistic market attitude, whilst positive ones indicate a bullish market sentiment.